Dover Corp (NYSE: DOV) is -7.32% lower on its value in year-to-date trading and has touched a low of $143.04 and a high of $222.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOV stock was last observed hovering at around $169.81 in the last trading session, with the day’s gains setting it 4.06%.
Currently trading at $173.87, the stock is 6.17% and -1.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 2.39% at the moment leaves the stock -7.33% off its SMA200. DOV registered -3.03% loss for a year compared to 6-month loss of -9.37%. The firm has a 50-day simple moving average (SMA 50) of $176.2382 and a 200-day simple moving average (SMA200) of $187.6266.
The stock witnessed a -2.88% gain in the last 1 month and extending the period to 3 months gives it a -14.64%, and is 2.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.10% over the week and 4.34% over the month.
Dover Corp (DOV) has around 24000 employees, a market worth around $23.84B and $7.96B in sales. Current P/E ratio is 10.47 and Fwd P/E is 17.01. Profit margin for the company is 28.85%. Distance from 52-week low is 21.55% and -21.79% from its 52-week high. The company has generated returns on investments over the last 12 months (23.64%).
with sales reaching $2.03B over the same period.The EPS is expected to grow by 12.62% this year, but quarterly earnings will post 3.06% year-over-year. Quarterly sales are estimated to shrink -6.85% in year-over-year returns.
Dover Corp (DOV) Top Institutional Holders
1398.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 87.84% of the company’s shares. The shares outstanding are 137.10M, and float is at 136.44M with Short Float at 1.22%. Institutions hold 86.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.09 million shares valued at $2.9 billion. The investor’s holdings represent 11.7098% of the DOV Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 10.85 million shares valued at $1.96 billion to account for 7.8959 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.76 million shares representing 7.1027% and valued at over $1.76 billion, while STATE STREET CORP holds 4.4805 of the shares totaling 6.16 million with a market value of $1.11 billion.
Dover Corp (DOV) Insider Activity
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Still, SEC filings show that on Nov 11 ’24, Cabrera Ivonne M (SVP, General Counsel & Secr.) disposed off 2,500 shares at an average price of $204.31 for $0.51 million. The insider now directly holds 56,579 shares of Dover Corp (DOV).
