Analyst Expects Dover Corp. (NYSE: DOV) To Make Big Moves

After Hours

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Stocks Info

As a NYSE listed company, DOV falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $164.09 and fluctuated between $166.56 as its day high and $163.76 as its day low. The current market capitalization of Dover Corp. is $22.96B. A total of 0.94 million shares were traded on the day, compared to an average of 859.61K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DOV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 34 SELLs from insiders. Insiders purchased 102,338 shares during that period but sold 125,059.

In the most recent transaction, Cerepak Brad M sold 18,410 shares of DOV for 163.01 per share on Feb 23. After the transaction, the Senior VP & CFO now owns 23,909 company shares. In a previous transaction on Dec 05, Cerepak Brad M sold 14,000 shares at 142.00 per share. DOV shares that Senior Vice President and CFO owns now total 35,938.

Among the insiders who sold shares, Kosinski Anthony K disposed of 664 shares on Nov 30 at a per-share price of $141.64. This resulted in the VP Tax holding 5,333 shares of DOV after the transaction. In another insider transaction, Cerepak Brad M sold 4,631 shares at $142.00 per share on Sep 07. Company shares held by the Senior Vice President and CFO now total 49,938.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Dover Corp. pays an annual dividend of $2.03, resulting in a dividend yield of 1.24%, and it has a price to earnings (P/E) ratio of 21.83. DOV’s most recent ex-dividend date was 2/28/2024 when it declared a $0.51 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/29/2023. The DOV stock dividend was $0.51 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DOV in the last 3 months, the mean price target is $174.69 with high estimates of $203.00 and low estimates of $153.00. In terms of 52-week highs and lows, DOV has a high of $165.10 and a low of $127.25.

As of this writing, DOV has an earnings estimate of $1.94 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.21 per share and a lower estimate of $1.81. The company reported an EPS of $2.35 in the last quarter, which was 1.30% higher than expectations of $2.32.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $36.50, while its Total Shareholder’s Equity was $4.19B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.23.

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