As of Friday close, Dover Corporation’s (NYSE:DOV) stock was up $0.85, moving up 0.61 percent to $140.57. The average number of shares traded per day over the past five days has been 708,780 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.40 fall in that time frame. In the last twenty days, the average volume was 1,006,450, while in the previous 50 days, it was 879,082.
Since last month, DOV stock retreated -6.26%. Shares of the company fell to $138.73 on 07/25/23, the lowest level in the past month. A 52-week high of $160.66 was reached on 02/02/23 after having rallying from a 52-week low of $114.49. Since the beginning of this year, DOV’s stock price has risen by 3.81% or $5.16, and marked a new high 12 times. However, the stock has declined by -12.50% since its 52-week high.
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Sponsored
DOV stock investors should be aware that Dover Corporation (DOV) stock had its last reported insider trading activity 74 days ago on Jun 06. Cerepak Brad M, the Senior Vice President and CFO of the company, disposed of 17,769 shares for $139.03 on Jun 06. It resulted in a $2,470,424 divestment by the insider. Cerepak Brad M sold 34,972 shares at an average price of $143.25 on Mar 13. The insider now owns 73,878 shares following the transaction. On Oct 24, Vice President, Tax Kosinski Anthony K sold 2,203 shares at $126.18 apiece. The transaction was valued at $277,975.
Valuation Metrics
Right now, Dover Corporation (DOV) has a P/E ratio of about 19.49. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 2.31, the price-to-book (PB) ratio of 4.22, and the price-to-cash flow ratio of 23.56 may also be considered.
The latest dividend of $0.51 per share was paid out, which is 0.99% more than last year’s $0.5050.
Financial Health
In the three months ended June 29, Dover Corporation’s quick ratio stood at 0.80, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 36.10% percent. In the year ended June 29, EBITDA margin amounted to 20.28%, whereas operating margins totaled 16.10%. Based on annual data, DOV earned $3.06 billion in gross profit and brought in $8.51 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was 23.50%.
In Dover Corporation’s quarter-end financial report for June 29, it reported total debt of $2.98 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DOV’s revenue fell -2.79% to $2.08 billion during the quarter, while net income inched up to $2.1 billion. While analysts expected Dover Corporation to report $2.2 quarterly earnings, the actual figure was $2.05 per share, beating the consensus estimate by -6.80%. During the quarter, the company generated $403.29 million in EBITDA. The liabilities of Dover Corporation were 6.24 billion at the end of its most recent quarter ended June 29, and its total debt was $3.42 billion. The value of shareholders’ equity is $139.87 million.
Technical Picture
This quick technical analysis looks at Dover Corporation’s (DOV) price momentum. With a historical volatility rate of 12.03%, the RSI 9-day stood at 36.53% on 18 August.
With respect to its five-day moving average, the current Dover Corporation price is down by -1.68% percent or -$2.40. At present, DOV shares trade -7.59% below its 20-day simple moving average and -1.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.08% below its SMA50 and +7.56% above its SMA200.
Stochastic coefficient K was 11.27% and Stochastic coefficient D was 8.88%, while ATR was 2.44. Given the Stochastic reading of 21.68% for the 14-day period, the RSI (14) reading has been calculated as 39.06%. As of today, the MACD Oscillator reading stands at -1.85, while the 14-day reading stands at -2.47.
With a median target price of $160.30, the current consensus forecast for the stock is $136.00 – $202.00. Based on these forecasts, analysts predict Dover Corporation (DOV) will achieve an average price target of $165.89.
