Dover Corp (NYSE: DOV) is -4.63% 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 $184.27 in the last trading session, with the day’s loss setting it -5.35%.
Currently trading at $178.92, the stock is 1.25% and 3.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -2.90% at the moment leaves the stock -4.54% off its SMA200. DOV registered -2.81% loss for a year compared to 6-month loss of -11.06%. The firm has a 50-day simple moving average (SMA 50) of $173.2776 and a 200-day simple moving average (SMA200) of $187.434.
The stock witnessed a 9.39% gain in the last 1 month and extending the period to 3 months gives it a -13.33%, and is -3.12% down 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 1.52% over the week and 2.09% over the month.
Dover Corp (DOV) has around 24000 employees, a market worth around $24.53B and $7.96B in sales. Current P/E ratio is 10.78 and Fwd P/E is 17.49. Profit margin for the company is 28.85%. Distance from 52-week low is 25.08% and -19.52% from its 52-week high. The company has generated returns on investments over the last 12 months (23.64%).
The EPS is expected to grow by 12.62% this year
1432.0 institutions hold shares in Dover Corp (DOV), with institutional investors hold 88.14% of the company’s shares. The shares outstanding are 137.10M, and float is at 136.43M with Short Float at 1.76%. Institutions hold 86.96% 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
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).
