Dover Corp. (NYSE: DOV) has a higher price-to-earnings ratio of 17.06x compared to its average ratio, The 36-month beta value for DOV is at 1.22. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for DOV is 136.81M, and currently, shorts hold a 1.31% of that float. The average trading volume for DOV on August 29, 2024 was 957.84K shares.
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DOV) stock’s latest price update
The stock of Dover Corp. (NYSE: DOV) has increased by 0.64 when compared to last closing price of 181.84.Despite this, the company has seen a gain of 0.80% in its stock price over the last five trading days. prnewswire.com reported 2024-08-28 that DOWNERS GROVE, Ill., Aug. 28, 2024 /PRNewswire/ — Rotary, part of Vehicle Service Group (VSG) and Dover (NYSE: DOV), today announced the launch of its Rotary® Flex MAX™ Linker.
DOV’s Market Performance
DOV’s stock has risen by 0.80% in the past week, with a monthly drop of -0.68% and a quarterly rise of 0.75%. The volatility ratio for the week is 1.34% while the volatility levels for the last 30 days are 1.72% for Dover Corp. The simple moving average for the last 20 days is 2.47% for DOV’s stock, with a simple moving average of 8.95% for the last 200 days.
Analysts’ Opinion of DOV
Many brokerage firms have already submitted their reports for DOV stocks, with Seaport Research Partners repeating the rating for DOV by listing it as a “Buy.” The predicted price for DOV in the upcoming period, according to Seaport Research Partners is $190 based on the research report published on February 05, 2024 of the current year 2024.
Credit Suisse, on the other hand, stated in their research note that they expect to see DOV reach a price target of $171. The rating they have provided for DOV stocks is “Outperform” according to the report published on December 13th, 2022.
Barclays gave a rating of “Equal Weight” to DOV, setting the target price at $160 in the report published on April 08th of the previous year.
DOV Trading at 1.35% from the 50-Day Moving Average
After a stumble in the market that brought DOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.84% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +2.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.36% upper at present.
During the last 5 trading sessions, DOV rose by +1.05%, which changed the moving average for the period of 200-days by +39.36% in comparison to the 20-day moving average, which settled at $178.80. In addition, Dover Corp. saw 18.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DOV starting from Cabrera Ivonne M, who proposed sale 1,220 shares at the price of $187.00 back on Aug 26 ’24. After this action, Cabrera Ivonne M now owns shares of Dover Corp., valued at $228,140 using the latest closing price.
Tobin Richard J, the Chairman, President & CEO of Dover Corp., sale 25,004 shares at $181.96 during a trade that took place back on Aug 21 ’24, which means that Tobin Richard J is holding 182,928 shares at $4,549,695 based on the most recent closing price.
Stock Fundamentals for DOV
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.37 for the gross margin
The net margin for Dover Corp. stands at 0.18. The total capital return value is set at 0.15. Equity return is now at value 29.92, with 13.52 for asset returns.
Based on Dover Corp. (DOV), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 10.74.
Currently, EBITDA for the company is 1.72 billion with net debt to EBITDA at 1.61. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, Dover Corp. (DOV) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
