Is Dover Corp. (NYSE: DOV) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Dover Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

DOV belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $156.55 and fluctuated between $156.69 as its day high and $148.45 as its day low. The current market capitalization of Dover Corp. is $21.90B. A total of 2.11 million shares were traded on the day, compared to an average of 776.68K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 31 BUYs and 44 SELLs from insiders. Insiders purchased 155,049 shares during that period but sold 137,580.

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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Dover Corp. pays an annual dividend of $2.11, resulting in a dividend yield of 1.35%, and it has a price to earnings (P/E) ratio of 20.82. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DOV in the last 3 months, the mean price target is $169.31 with high estimates of $207.00 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 $NOV Inc. per share for the current quarter. EPS was calculated based on a consensus of Dow Inc. estimates, with a high estimate of $Hovnanian Enterprises, Inc. per share and a lower estimate of $Dover Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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