About Dover Corporation (NYSE:DOV)
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company's segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company's Energy segment is a provider of solutions and services for production and processing of fuels around the world. Its Engineered Systems segment includes two platforms: Printing & Identification, and Industrials and is focused on the design, manufacture and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing and industrial end markets. Its Fluids segment is focused on the safe handling of critical fluids across the retail fueling, chemical, and industrial end markets. The Refrigeration & Food Equipment segment is a provider of energy efficient equipment and systems serving the commercial refrigeration and food equipment end markets.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Industrial Machinery & Equipment
- Sub-Industry: Industrial Machinery
- Symbol: NYSE:DOV
- CUSIP: 26000310
- Web: www.dovercorporation.com
- Market Cap: $14.71378 billion
- Outstanding Shares: 155,734,000
- 50 Day Moving Avg: $90.16
- 200 Day Moving Avg: $84.07
- 52 Week Range: $65.50 - $95.14
Sales & Book Value:
- Trailing P/E Ratio: 23.69
- Foreward P/E Ratio: 21.01
- P/E Growth: 1.54
- Annual Revenue: $7.29 billion
- Price / Sales: 2.02
- Book Value: $26.15 per share
- Price / Book: 3.62
- Annual Dividend: $1.88
- Dividend Yield: 2.0%
- EBITDA: $1.22 billion
- Net Margins: 8.61%
- Return on Equity: 13.36%
- Return on Assets: 5.22%
- Debt-to-Equity Ratio: 0.72%
- Current Ratio: 1.25%
- Quick Ratio: 0.81%
- Average Volume: 1.00 million shs.
- Beta: 1.27
- Short Ratio: 2.41
Frequently Asked Questions for Dover Corporation (NYSE:DOV)
What is Dover Corporation's stock symbol?
Dover Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DOV."
How often does Dover Corporation pay dividends? What is the dividend yield for Dover Corporation?
Dover Corporation announced a quarterly dividend on Tuesday, August 8th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.47 per share on Friday, September 15th. This represents a $1.88 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, August 29th. This is a boost from Dover Corporation's previous quarterly dividend of $0.44. View Dover Corporation's Dividend History.
How were Dover Corporation's earnings last quarter?
Dover Corporation (NYSE:DOV) issued its quarterly earnings data on Thursday, July, 20th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. View Dover Corporation's Earnings History.
When will Dover Corporation make its next earnings announcement?
What guidance has Dover Corporation issued on next quarter's earnings?
Dover Corporation issued an update on its FY17 earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of $4.23-4.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.20. The company issued revenue guidance of +12-14% to ~$7.61-7.75 billion, compared to the consensus revenue estimate of $7.71 billion.
Where is Dover Corporation's stock going? Where will Dover Corporation's stock price be in 2017?
17 analysts have issued 12-month target prices for Dover Corporation's stock. Their predictions range from $79.00 to $106.00. On average, they anticipate Dover Corporation's share price to reach $93.55 in the next twelve months. View Analyst Ratings for Dover Corporation.
What are analysts saying about Dover Corporation stock?
Here are some recent quotes from research analysts about Dover Corporation stock:
- 1. According to Zacks Investment Research, "Dover guides its adjusted EPS in the range of $4.23–$4.33 for 2017, the mid-point of which reflects a 38% increase year over year. The company will benefit from significant drilling activity, strong Printing & Identification platform, strength of retail refrigeration business, and robust hygienic and pharma markets. Further, Dover's announcement of the separation of its upstream energy businesses will help focus on core platforms of market-leading businesses. Focus on acquisition strategy and operating model will drive growth. Moreover, the stock has outperformed its industry over the past year." (10/17/2017)
- 2. UBS AG analysts commented, "On Dec. 22nd, TGI Aerostructures initiated litigation against Bombardier. Triumph is seeking payment for certain non-recurring expenses incurred during the development phase of BBD’s Global 7000 program for a cash payment of $340MM." (1/6/2017)
Who are some of Dover Corporation's key competitors?
Some companies that are related to Dover Corporation include Roper Technologies (ROP), Stanley Black & Decker (SWK), Parker-Hannifin Corporation (PH), Ingersoll-Rand PLC (Ireland) (IR), Pall (PLL), W.W. Grainger (GWW), Snap-On Incorporated (SNA), Gardner Denver Holdings (GDI), Woodward (WWD), Crane Company (CR), Weir Group PLC (WEIR), Spirax-Sarco Engineering plc (SPX), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), Manitowoc Food Service (WBT), KLX (KLXI) and Rexnord Corporation (RXN).
Who are Dover Corporation's key executives?
Dover Corporation's management team includes the folowing people:
- Robert A. Livingston, President, Chief Executive Officer, Director
- Brad M. Cerepak, Chief Financial Officer, Senior Vice President
- Ivonne M. Cabrera, Senior Vice President, General Counsel, Secretary
- Jay L. Kloosterboer, Senior Vice President - Human Resources
- Patrick M. Burns, Senior Vice President, Strategy
- Stephen Gary Kennon, Senior Vice President
- Russell Toney, Senior Vice President - Global Sourcing
- Carrie Anderson, Principal Accounting Officer, Vice President, Controller
- James M. Moran, Vice President, Treasurer
- Paul E. Goldberg, Vice President - Investor Relations
How do I buy Dover Corporation stock?
Shares of Dover Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Dover Corporation's stock price today?
MarketBeat Community Rating for Dover Corporation (NYSE DOV)MarketBeat's community ratings are surveys of what our community members think about Dover Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Dover Corporation stock can currently be purchased for approximately $94.77.
Consensus Ratings for Dover Corporation (NYSE:DOV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||10 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.41)|
|Consensus Price Target: ||$93.55 (1.29% downside)|Consensus Price Target History for Dover Corporation (NYSE:DOV)
Analysts' Ratings History for Dover Corporation (NYSE:DOV)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Stifel Nicolaus||Reiterated Rating||Hold||$92.00||N/A|
|10/12/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$90.00||N/A|
|10/9/2017||Citigroup Inc.||Reiterated Rating||Neutral||$90.00 -> $96.00||N/A|
|10/2/2017||Morgan Stanley||Reiterated Rating||Overweight||$97.00 -> $106.00||Low|
|9/20/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$80.00 -> $105.00||Medium|
|9/13/2017||Seaport Global Securities||Reiterated Rating||Neutral||Low|
|9/12/2017||Robert W. Baird||Reiterated Rating||Buy||$95.00||Low|
|9/6/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$91.00||Low|
|8/27/2017||BMO Capital Markets||Reiterated Rating||Buy||$94.00||Medium|
|6/9/2017||Bank of America Corporation||Boost Price Target||Buy||$90.00 -> $95.00||Low|
|6/7/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||Low|
|4/22/2017||Edward Jones||Downgrade||Buy -> Hold||Medium|
|4/19/2017||Barclays PLC||Boost Price Target||Equal Weight||$78.00 -> $79.00||High|
|1/30/2017||Langenberg & Company||Upgrade||Sell -> Hold||N/A|
|1/3/2017||Vertical Research||Upgrade||Hold -> Buy||N/A|
|12/15/2016||Sanford C. Bernstein||Reiterated Rating||Outperform||N/A|
|10/7/2016||Susquehanna Bancshares Inc||Initiated Coverage||Neutral||$77.00||N/A|
|3/14/2016||Credit Suisse Group||Boost Price Target||Outperform||$71.00 -> $73.00||N/A|
|3/7/2016||Nomura||Boost Price Target||Buy||$68.00 -> $77.00||N/A|
|1/27/2016||William Blair||Reiterated Rating||Market Perform||$66.00||N/A|
|1/11/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Sell -> Neutral||$60.00||N/A|
|12/1/2015||Deutsche Bank AG||Reiterated Rating||Sell||N/A|
Earnings History for Dover Corporation (NYSE:DOV)Earnings History by Quarter for Dover Corporation (NYSE DOV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/20/2017||Q2 2017||$1.01||$1.04||$1.94 billion||$1.99 billion||View||N/A|
|4/20/2017||Q1 2017||$0.61||$1.09||$1.77 billion||$1.81 billion||View||N/A|
|1/26/2017||Q416||$0.95||$0.71||$1.71 billion||$1.80 billion||View||Listen|
|10/19/2016||Q316||$0.82||$0.83||$1.71 billion||$1.71 billion||View||Listen|
|7/21/2016||Q216||$0.85||$0.76||$1.71 billion||$1.69 billion||View||Listen|
|4/21/2016||Q116||$0.60||$0.52||$1.59 billion||$1.60 billion||View||Listen|
|1/26/2016||Q415||$0.75||$0.81||$1.67 billion||$1.70 billion||View||Listen|
|10/20/2015||Q315||$1.07||$1.14||$1.81 billion||$1.80 billion||View||Listen|
|7/21/2015||Q215||$0.99||$0.97||$1.77 billion||$1.80 billion||View||Listen|
|4/21/2015||Q115||$0.73||$0.72||$1.72 billion||$1.70 billion||View||Listen|
|1/27/2015||Q414||$0.95||$1.01||$2.04 billion||$2.00 billion||View||Listen|
|10/16/2014||Q314||$1.31||$1.35||$2.05 billion||$2.10 billion||View||Listen|
|7/17/2014||Q214||$1.29||$1.29||$2.07 billion||$2.00 billion||View||Listen|
|4/17/2014||Q114||$1.01||$1.01||$1.89 billion||$1.90 billion||View||Listen|
|1/30/2014||Q413||$1.28||$1.28||$2.17 billion||$2.20 billion||View||Listen|
|10/17/2013||Q313||$1.50||$1.54||$2.31 billion||$2.30 billion||View||Listen|
|7/18/2013||Q2 2013||$1.29||$1.70||$2.19 billion||$2.23 billion||View||Listen|
|4/17/2013||Q1 2013||$1.08||$1.10||$2.07 billion||$2.04 billion||View||Listen|
|1/24/2013||Q4 2012||$1.07||$1.09||$1.89 billion||$2.01 billion||View||Listen|
Earnings Estimates for Dover Corporation (NYSE:DOV)
2017 EPS Consensus Estimate: $3.69
2018 EPS Consensus Estimate: $4.26
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Dover Corporation (NYSE:DOV)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||5.90% (3 Year Average)|
|Payout Ratio:||47.12% (Trailing 12 Months of Earnings) |
47.84% (Based on This Year's Estimates)
41.69% (Based on Next Year's Estimates)
|Track Record:||61 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Dover Corporation (NYSE DOV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Dover Corporation (NYSE:DOV)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for Dover Corporation (NYSE:DOV)
Institutional Ownership Percentage: 86.01%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/4/2017||Michael B Stubbs||Director||Sell||25,000||$87.04||$2,176,000.00|| |
|5/19/2017||Michael B Stubbs||Director||Sell||40,000||$83.22||$3,328,800.00|| |
|5/12/2017||C. Anderson Fincher||VP||Sell||15,638||$79.85||$1,248,694.30|| |
|4/26/2017||William Spurgeon||VP||Sell||7,864||$81.25||$638,950.00|| |
|2/27/2017||Michael B Stubbs||Director||Sell||20,000||$80.30||$1,606,000.00|| |
|2/24/2017||Sandra A Arkell||VP||Sell||1,850||$79.94||$147,889.00|| |
|11/14/2016||Jay L Kloosterboer||Insider||Sell||11,501||$70.25||$807,945.25|| |
|10/26/2016||Sandra A Arkell||VP||Sell||565||$68.73||$38,832.45|| |
|8/10/2016||C. Anderson Fincher||VP||Sell||1,420||$73.42||$104,256.40|| |
|8/5/2016||Paul Goldberg||VP||Sell||1,800||$72.13||$129,834.00|| |
|8/2/2016||Robert Livingston||CEO||Sell||25,927||$69.24||$1,795,185.48|| |
|7/28/2016||William Spurgeon||VP||Sell||17,170||$71.65||$1,230,230.50|| |
|2/25/2016||Stephen Sellhausen||SVP||Sell||18,500||$59.86||$1,107,410.00|| |
|2/17/2016||Michael F Johnston||Director||Buy||4,000||$61.80||$247,200.00|| |
|5/20/2015||Robert Livingston||CEO||Sell||5,000||$76.84||$384,200.00|| |
|2/19/2015||C. Anderson Fincher||VP||Sell||3,698||$74.33||$274,872.34|| |
|2/5/2015||Michael B Stubbs||Director||Sell||69,000||$72.73||$5,018,370.00|| |
|10/23/2014||Richard K Lochridge||Director||Sell||2,550||$78.48||$200,124.00|| |
|7/24/2014||Paul Goldberg||VP||Sell||2,977||$89.67||$266,947.59|| |
|5/13/2014||Sivasankaran Somasundaram||VP||Sell||4,000||$86.81||$347,240.00|| |
|5/9/2014||Mary A Winston||Director||Sell||3,000||$85.18||$255,540.00|| |
|4/23/2014||Jay L Kloosterboer||SVP||Sell||8,770||$86.29||$756,763.30|| |
|4/23/2014||Raymond T Mckay||VP||Sell||14,762||$86.20||$1,272,484.40|| |
|10/30/2013||Jeffrey Niew||VP||Sell||7,281||$92.09||$670,507.29|| |
|8/12/2013||Sivasankaran Somasundaram||VP||Sell||2,009||$88.14||$177,073.26|| |
|8/1/2013||Thomas Giacomini||VP||Sell||11,228||$87.77||$985,481.56|| |
|7/26/2013||Raymond T Mckay||VP||Sell||8,630||$84.52||$729,407.60|| |
|7/24/2013||James Moyle||VP||Sell||2,412||$85.15||$205,381.80|| |
|7/23/2013||Jeffrey Niew||VP||Sell||6,198||$85.23||$528,255.54|| |
|7/22/2013||Paul Goldberg||VP||Sell||5,887||$85.02||$500,512.74|| |
Headline Trends for Dover Corporation (NYSE:DOV)
Latest Headlines for Dover Corporation (NYSE:DOV)
Dover Corporation (DOV) Chart for Tuesday, October, 17, 2017