Is Dover Corp. (NYSE: DOV) The Best Stock To Invest In?

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. Earlier, Yahoo Finance discussed this stock as it revealed Systech Launches Innovative Exception Handling and Rework Solution.

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Stocks Info

DOV belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. The current market capitalization of Dover Corp. is $24.79B. A total of 0.77 million shares were traded on the day, compared to an average of 946.05K shares.

In the most recent transaction, Cerepak Brad M sold 6,000 shares of DOV for 176.71 per share on Mar 13 ’24. After the transaction, the Senior VP & CFO now owns 17,909 company shares. In a previous transaction on Mar 07 ’24, Todd Stephen M. sold 1,500 shares at 171.19 per share. DOV shares that Director owns now total 22,955.

Among the insiders who sold shares, Cerepak Brad M disposed of 18,410 shares on Feb 23 ’24 at a per-share price of $163.01. This resulted in the Senior VP & CFO holding 23,909 shares of DOV after the transaction. In another insider transaction, Cerepak Brad M sold 14,000 shares at $142.00 per share on Dec 05 ’23. Company shares held by the Senior Vice President and CFO now total 35,938.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Dover Corp. pays an annual dividend of $2.04, resulting in a dividend yield of 1.15%, and it has a price to earnings (P/E) ratio of 23.58. 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.

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. In terms of 52-week highs and lows, DOV has a high of $178.28 and a low of $127.25.

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 $36.50, 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 4.23.

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