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Monday, June 5, 2023

Insights Into Dover Corporation (DOV) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Dover Corporation (DOV) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.82, or 0.58%, to $142.77. The Dover Corporation has recorded 45,006 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Dover President and Chief Executive Officer to Speak at Goldman Sachs Industrials and Materials Conference.

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Stocks Info

Dover Corporation is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $141.95 and fluctuated between $144.75 as its day high and $141.15 as its day low. The current market capitalization of Dover Corporation is $19.63B. A total of 0.66 million shares were traded on the day, compared to an average of 859.41K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DOV has seen 21 BUY and 42 SELL insider trades, representing the acquisition of 144,692 and the disposition of 115,180 shares. Over the last 12 months, there were 33 BUYs and 50 SELLs from insiders. Insiders purchased 186,585 shares during that period but sold 154,167.

In the most recent transaction, Cerepak Brad M sold 34,972 shares of DOV for 143.25 per share on Mar 13. After the transaction, the Senior Vice President and CFO now owns 73,878 company shares. In a previous transaction on Oct 24, Kosinski Anthony K sold 2,203 shares at 126.18 per share. DOV shares that Vice President, Tax owns now total 5,353.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Dover Corporation pays an annual dividend of $2.02, resulting in a dividend yield of 1.42%, and it has a price to earnings (P/E) ratio of 19.35. DOV’s most recent ex-dividend date was 2/27/2023 when it declared a $0.5050 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/29/2022. The DOV stock dividend was $0.5050 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DOV in the last 3 months, the mean price target is $166.00 with high estimates of $200.00 and low estimates of $136.00. In terms of 52-week highs and lows, DOV has a high of $160.66 and a low of $114.49.

As of this writing, DOV has an earnings estimate of $2.22 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.32 per share and a lower estimate of $2.15. The company reported an EPS of $2.16 in the last quarter, which was 0.50% higher than expectations of $2.15.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DOV’s latest balance sheet shows that the firm has $385.50M in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $2.25B in liabilities at the time. Its Book Value Per Share was $31.92, while its Total Shareholder’s Equity was $4.19B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOV is Buy with a score of 4.00.

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