Dover stock: buy or sell?
May 21st, 2019
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide.
Should I buy Dover stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Dover stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Dover stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we detected 8 ratings published for DOV stock in the last 30 days. The general sentiment of these ratings is bullish for DOV stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-22||Morgan Stanley||Equal Weight||Hold|
|2019-3-8||Morgan Stanley||Equal Weight||Equal Weight|
|2019-1-8||Wolfe Research||Market Perform||Outperform|
Dover stock analysis
Dover shares inched 0.91% to $95.21 today.
Dover shares inched 0.91% to $95.21 today. Since January when DOV stock price broke up the SMA200d line, it gained $16.39 (20.79%). On March, SMA50d and SMA100d crossed up triggering a rise of 4.95%. On May/3, DOV hit a new all time high, pushing higher than on April 18th tops. Check different trading setups that use ATHs as triggers.
Dover shares inched 0.80% this week, ending at $95.21.
Dover stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, DOV might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Dover marked late April. Late January DOV price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up by mid September 2018, DOV price climbed $7.70 per share (8.80%).
Dover stock price history
Dover stock went public on March 17th, 1980 with a price of $0.161. Since then, DOV stock surged a 59,406.30%, with an average of 1,523.20% per year. If you had invested right after DOV's IPO a $1,000 in Dover stock in 1980, it would worth $594,063.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Dover stock historical price chart
DOV stock reached all-time highs on May/3 with a price of $99.46.
Dover stock price target is $100.50Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' DOV stock price predictions in the hope that they will be met as they may be wrong and not met. We have 6 price targets for Dover stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-22||Morgan Stanley||Set Price Target||$97.00||$101.00||4.1%|
|2019-4-22||Deutsche Bank||Set Price Target||n/a||$102.00||-|
|2019-4-22||Citigroup||Set Price Target||n/a||$113.00||-|
|2019-3-8||Morgan Stanley||Raises Target||$92.00||$97.00||5.4%|
|2019-1-30||SunTrust Banks||Raises Target||$5.68||$91.00||1502.1%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April 25th, Dover remained constant an ugly -1.05%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a tiny gain of 2.51% to $6,992.12 million dollars. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) depreciated a -3.74% to 8.16%. Dover fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Dover TTM sales up to March 2019 were $7,079.20 and income $544.54 M USD. When comparing this TTM figures with the last reported annuality, we can review Dover business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, grew a slightly fine 1.25%. Aligned with this, profit margin (net income/sales) remained steady at 8.16%.
|2013||$7,160 M||-||$798 M11.1%||-|
|2014||$7,753 M||8.28%||$775 M10.0%||-2.80%|
|2015||$6,956 M||-10.27%||$870 M12.5%||12.20%|
|2016||$6,794 M||-2.33%||$509 M7.5%||-41.50%|
|2017||$6,821 M||0.39%||$812 M11.9%||59.50%|
|2018||$6,992 M||2.51%||$570 M8.2%||-29.74%|
|TTM||$7,079 M||1.25%||$545 M7.7%||-4.51%|
Quarterly financial resultsDover posted $1,724.76 million in revenues for 2019-Q1, a -4.65% less compared to previous quarter. Reported quarter earnings marked $105.71 million with a profit margin of 6.13%. Profit margin slightly fell a -1.70% compared to previous quarter when profit margin was 7.83%. When comparing turnover to same quarter last year, Dover sales marked a godawful loss and plunged a -10.24%.
|2017-Q2||$1,990 M||-||$164 M8.2%||-|
|2017-Q3||$2,010 M||1.01%||$179 M8.9%||9.05%|
|2017-Q4||$2,762 M||37.42%||$296 M10.7%||65.70%|
|2018-Q1||$1,922 M||-30.43%||$131 M6.8%||-55.66%|
|2018-Q2||$1,798 M||-6.43%||$140 M7.8%||6.49%|
|2018-Q3||$1,747 M||-2.82%||$157 M9.0%||12.39%|
|2018-Q4||$1,809 M||3.52%||$142 M7.8%||-10.00%|
|2019-Q1||$1,725 M||-4.65%||$106 M6.1%||-25.33%|
Dover ownershipWhen you are planning to buy a company, it's always worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Dover, 2.61% of all outstanding shares are owned by its staff.
Bearish positions for DOV stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Dover:
|Market cap||$13.8 B||$1.5 B||$93.3 B||$6.6 B||$86.2 B|
|Total shares||145.3 M||61.4 M||715.9 M||131.1 M||8,720.0 M|
|Float shares||143.3 M||60.6 M||635.6 M||130.9 M||8,710.0 M|
|- Institutional holdings (%)||90.7%||107.7%||79.9%||106.7%||58.6%|
|- Insider holdings (%)||2.6%||0.7%||11.4%||0.3%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$94.60 - $95.48|
|Average true range||$1.85|
|50d mov avg||$95.24|
|100d mov avg||$89.42|
|200d mov avg||$86.05|
Dover performanceTo better understand Dover performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Dover against Actuant, Danaher, Flowserve, General Electric, IDEX, , Illinois Tool Works, National Oilwell Varco, Parker-Hannifin and SPX in the following table:
|ITWIllinois Tool Wor...||3.90%||13.02%||4.18%|
|NOVNational Oilwell ...||-15.23%||-23.52%||-41.25%|
Dover competitorsWe picked a few stocks to conform a list of Dover competitors to review if you are interested in investing in DOV:
- Actuant (ATU)
- Danaher (DHR)
- Flowserve (FLS)
- General Electric (GE)
- IDEX (IEX)
- Illinois Tool Works (ITW)
- National Oilwell Varco (NOV)
- Parker-Hannifin (PH)
- SPX (SPXC)
Latest Dover stock news
- Seeking AlphaDover Motorsports: The Deep Value Case Gets A Bit More IntriguingMarch 25, 2019
- Seeking AlphaDover And Twin River Will Keep SurprisingJuly 26, 2018