NYSE:DOVDover Stock Price, Forecast & News

$99.49

+1.74 (+1.78 %)

(As of 06/2/2020 12:33 PM ET)

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Today's Range

$97.92

Now: $99.49▼

$99.59

50-Day Range

$83.41

MA: $90.07▼

$97.27

52-Week Range

$62.95

Now: $99.49▼

$120.26

Volume7,907 shs

Average Volume796,944 shs

Market Capitalization$14.32 billion

P/E Ratio19.47

Dividend Yield2.02%

Beta1.4

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment handles fluids across the retail fueling, chemical, hygienic, oil and gas, and industrial markets. This segment also manufactures pumps that are used to transfer liquid and bulk products in various markets, including refined fuels, liquefied petroleum gas, food/sanitary, transportation, and chemical process industries; pumps and connectors for use in various bio-processing, medical, and specialty applications; and pumps, filtration systems, pelletizing equipment, compressors, and bearings for use in the chemical, polymer, power generation, oil and gas, industrial, and marine industries. The Refrigeration & Food Equipment segment manufactures refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers for industrial and climate control; and electrical distribution products and engineering services, commercial food service equipment, wash systems, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, and beverage can-making machinery. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Dover has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $97.63, Dover has a potential downside of 1.4% from its current price of $99.06.
Amount of Analyst Coverage
Dover has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Dover has received 667 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Dover has received 732 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Dover has received 52.32% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Dover and other stocks. Vote “Outperform” if you believe DOV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DOV will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Dover is a leading dividend payer. It pays a dividend yield of 2.02%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Dover has been increasing its dividend for 64 years.
Dividend Coverage
The dividend payout ratio of Dover is 33.05 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Dover will have a dividend payout ratio of 36.57 % next year. This indicates that Dover will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dover insiders have bought more of their company's stock than they have sold. Specifically, they have bought $39,500.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.98% of the stock of Dover is held by insiders.
Percentage Held by Institutions
83.84% of the stock of Dover is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Dover are expected to grow by 13.32% in the coming year, from $4.73 to $5.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dover is 19.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dover is 19.39, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.75.
Price to Earnings Growth Ratio
Dover has a PEG Ratio of 1.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Dover has a P/B Ratio of 4.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.99 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Construction, mining, & materials handling machinery & equipment

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:DOV

Previous Symbol

CUSIP26000310

CIK29905

Webwww.dovercorporation.com

Phone630-541-1540

Debt

Debt-to-Equity Ratio0.99

Current Ratio1.29

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio19.47

Forward P/E Ratio21.03

P/E Growth1.79

Sales & Book Value

Annual Sales$7.14 billion

Price / Sales2.01

Cash Flow$8.06 per share

Price / Cash Flow12.34

Book Value$20.88 per share

Price / Book4.76

Profitability

EPS (Most Recent Fiscal Year)$5.93

Net Income$677.92 million

Net Margins10.59%

Return on Equity29.80%

Return on Assets10.19%

Miscellaneous

Employees24,000

Outstanding Shares143,950,000

Market Cap$14.32 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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Dover (NYSE:DOV) Frequently Asked Questions

How has Dover's stock been impacted by COVID-19 (Coronavirus)?

Dover's stock was trading at $95.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DOV stock has increased by 3.7% and is now trading at $99.06. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Dover?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dover in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dover.

When is Dover's next earnings date?

Dover is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Dover.

How were Dover's earnings last quarter?

Dover Corp (NYSE:DOV) released its quarterly earnings data on Tuesday, April, 21st. The industrial products company reported $1.39 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.18 by $0.21. The industrial products company earned $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Dover had a net margin of 10.59% and a return on equity of 29.80%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. View Dover's earnings history.

How often does Dover pay dividends? What is the dividend yield for Dover?

Dover declared a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be paid a dividend of $0.49 per share on Monday, June 15th. This represents a $1.96 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, May 28th. View Dover's dividend history.

What price target have analysts set for DOV?

9 brokers have issued 1-year price objectives for Dover's shares. Their forecasts range from $78.00 to $110.00. On average, they expect Dover's share price to reach $97.63 in the next twelve months. This suggests that the stock has a possible downside of 1.4%. View analysts' price targets for Dover.

Has Dover been receiving favorable news coverage?

Press coverage about DOV stock has been trending very positive recently, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dover earned a coverage optimism score of 3.5 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutDover.

Are investors shorting Dover?

Dover saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,790,000 shares, an increase of 28.8% from the April 30th total of 1,390,000 shares. Based on an average daily volume of 1,240,000 shares, the short-interest ratio is presently 1.4 days. Currently, 1.3% of the company's stock are sold short. View Dover's Current Options Chain.

Who are some of Dover's key competitors?

Some companies that are related to Dover include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), IDEX (IEX), Xylem (XYL), Ingersoll-Rand (IR), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT), Lincoln Electric (LECO) and Woodward, Inc.Common Stock (WWD). View all competitors.

What other stocks do shareholders of Dover own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dover investors own include Johnson & Johnson (JNJ), Applied Materials (AMAT), CVS Health (CVS), Coca-Cola (KO), Mcdonald's (MCD), PepsiCo (PEP), 3M (MMM), AT&T (T), Verizon Communications (VZ) and Exxon Mobil (XOM).

Who are Dover's key executives?

Dover's management team includes the following people:

Mr. Richard Joseph Tobin, Pres, CEO & Director (Age 58)
Mr. Brad M. Cerepak, Sr. VP & CFO (Age 60)
Ivonne M. Cabrera, Sr. VP, Gen. Counsel & Sec. (Age 52)
Mr. Jay L. Kloosterboer, Sr. VP of HR (Age 58)
Mr. William W. Spurgeon Jr., CEO & Pres of Dover Fluids (Age 60)

What is Dover's stock symbol?

Dover trades on the New York Stock Exchange (NYSE) under the ticker symbol "DOV."

Who are Dover's major shareholders?

Dover's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.91%), JPMorgan Chase & Co. (6.85%), State Street Corp (5.18%), Franklin Resources Inc. (2.45%), Wells Fargo & Company MN (1.92%) and Geode Capital Management LLC (1.66%). Company insiders that own Dover stock include Anthony K Kosinski, Brad M Cerepak, Carrie L Anderson, Eric A Spiegel, Ivonne M Cabrera, Jay L Kloosterboer, Kristiane C Graham, Mary A Winston and William Spurgeon. View institutional ownership trends for Dover.

Which major investors are selling Dover stock?

DOV stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., State Street Corp, Morgan Stanley, Morgan Stanley, APG Asset Management N.V., APG Asset Management N.V., and APG Asset Management N.V.. Company insiders that have sold Dover company stock in the last year include Brad M Cerepak, Ivonne M Cabrera, Jay L Kloosterboer, Kristiane C Graham, and William Spurgeon. View insider buying and selling activity for Dover.

Which major investors are buying Dover stock?

DOV stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Balyasny Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Alliancebernstein L.P., Janus Henderson Group PLC, Inverness Counsel LLC NY, Strs Ohio, and BNP Paribas Arbitrage SA. View insider buying and selling activity for Dover.

How do I buy shares of Dover?

Shares of DOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Dover's stock price today?

One share of DOV stock can currently be purchased for approximately $99.06.

How big of a company is Dover?

Dover has a market capitalization of $14.26 billion and generates $7.14 billion in revenue each year. The industrial products company earns $677.92 million in net income (profit) each year or $5.93 on an earnings per share basis. Dover employs 24,000 workers across the globe.

What is Dover's official website?

The official website for Dover is www.dovercorporation.com.

How can I contact Dover?

Dover's mailing address is 3005 HIGHLAND PARKWAY SUITE 200, DOWNERS GROVE IL, 60515. The industrial products company can be reached via phone at 630-541-1540 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff