At the time of writing, Dover Corp. [DOV] stock is trading at $175.27, up 2.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DOV shares have gain 4.78% over the last week, with a monthly amount glided 9.18%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Dover to Present at the J.P. Morgan Industrials Conference. In a post published today on Yahoo Finance, Dover Corporation (NYSE: DOV) announced that its Chairman, President and Chief Executive Officer, Richard J. Tobin, will speak at the 2024 J.P. Morgan Industrials Conference on Tuesday, March 12, 2024, at 8:30 am ET.
From an analyst’s perspective:
Dover Corp. [NYSE: DOV] stock has seen the most recent analyst activity on February 05, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $190 for it. Previously, Credit Suisse started tracking the stock with Outperform rating on December 13, 2022, and set its price target to $171. On April 08, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $160 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $205 on January 07, 2022. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $184 on December 20, 2021. Mizuho started tracking with a Buy rating for this stock on December 17, 2021, and assigned it a price target of $195. In a note dated October 08, 2021, Wells Fargo initiated an Underweight rating and provided a target price of $152 on this stock.
For the past year, the stock price of Dover Corp. fluctuated between $127.25 and $173.54. Currently, Wall Street analysts expect the stock to reach $167.75 within the next 12 months. Dover Corp. [NYSE: DOV] shares were valued at $175.27 at the most recent close of the market. An investor can expect a potential drop of -4.29% based on the average DOV price forecast.
Analyzing the DOV fundamentals
According to Dover Corp. [NYSE:DOV], the company’s sales were 8.44B for trailing twelve months, which represents an -1.56% plunge. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 171.44 points at the first support level, and at 167.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.30, and for the 2nd resistance point, it is at 179.34.
Dover Corp. [DOV] reported earnings per share of $2.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.42/share, meaning a difference of $0.03 and a surprise factor of 1.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.35 per share as compared to estimates of $2.32 per share, a difference of $0.03 representing a surprise of 1.30%.
Ratios To Look Out For
It is important to note that Dover Corp. [NYSE:DOV] has a current ratio of 1.40. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 23.32.
Transactions by insiders
Recent insider trading involved Todd Stephen M., Director, that happened on Mar 07 ’24 when 1500.0 shares were sold. Senior VP & CFO, Cerepak Brad M completed a deal on Feb 23 ’24 to sell 18410.0 shares. Meanwhile, Senior Vice President and CFO Cerepak Brad M sold 14000.0 shares on Dec 05 ’23.
