Dover Corp. (DOV) Is Not Likely To Be The Same Tomorrow

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. Recently, Yahoo Finance discussed the stock, revealing that Dover Announces Acquisition of Transchem Group, a Leading Provider of Car Wash Chemicals and Water Reclaim Systems.

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Stocks Info

Dover Corp. 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 $144.44 and fluctuated between $146.16 as its day high and $143.96 as its day low. The current market capitalization of Dover Corp. is $20.21B. A total of 0.61 million shares were traded on the day, compared to an average of 824.74K shares.

Insider Activity

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 10 BUY and 0 SELL insider trades, representing the acquisition of 10,357 and the disposition of 0 shares. Over the last 12 months, there were 32 BUYs and 46 SELLs from insiders. Insiders purchased 183,890 shares during that period but sold 155,423.

In the most recent transaction, Cerepak Brad M sold 14,000 shares of DOV for 142.00 per share on Dec 05. After the transaction, the Senior Vice President and CFO now owns 35,938 company shares. In a previous transaction on Nov 30, Kosinski Anthony K sold 664 shares at 141.64 per share. DOV shares that VP Tax owns now total 5,333.

Among the insiders who sold shares, Cerepak Brad M disposed of 4,631 shares on Sep 07 at a per-share price of $142.00. This resulted in the Senior Vice President and CFO holding 49,938 shares of DOV after the transaction. In another insider transaction, Cerepak Brad M sold 17,769 shares at $139.03 per share on Jun 06. Company shares held by the Senior Vice President and CFO now total 54,569.

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 Corp. pays an annual dividend of $2.04, resulting in a dividend yield of 1.41%, and it has a price to earnings (P/E) ratio of 19.85. DOV’s most recent ex-dividend date was 11/29/2023 when it declared a $0.51 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/30/2023. The DOV stock dividend was $0.51 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 $168.00 with high estimates of $210.00 and low estimates of $145.00. In terms of 52-week highs and lows, DOV has a high of $160.66 and a low of $127.25.

As of this writing, DOV has an earnings estimate of $2.43 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.59 per share and a lower estimate of $2.33. The company reported an EPS of $2.05 in the last quarter, which was -6.80% lower than expectations of $2.2.

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 $3.30B in debt and $2.39B in liabilities at the time. Its Book Value Per Share was $34.54, 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 4.08.

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