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 Vehicle Service Group Launches New Pit Lift Model.

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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. The current market capitalization of Dover Corp. is $23.40B. A total of 1.11 million shares were traded on the day, compared to an average of 866.59K 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 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 33 SELLs from insiders. Insiders purchased 102,338 shares during that period but sold 123,110.

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

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 1.22%, and it has a price to earnings (P/E) ratio of 22.25. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, DOV has a high of $169.27 and a low of $127.25.

As of this writing, DOV has an earnings estimate of $1.95 per share for the current quarter. EPS was calculated based on a consensus of 15 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

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 $36.50, 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 4.23.

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