Dover stock: buy or sell?

DOV stock price: $94.34 -0.12% At close on May 20th, 2019

Updated on:
May 20th, 2019

3

Dover shares remained constant -0.12% to $94.34 today.

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. Following a trading plan helps to make decisions easier, quicker and with less hesitations. 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, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean DOV will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Dover stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 8 ratings published for DOV stock in the last month.

The general sentiment of these ratings is bullish for DOV stock, with 4 positive ratings.
Is DOV a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-3BarclaysOverweightOverweight
2019-4-22Morgan StanleyEqual WeightHold
2019-4-22Deutsche Bankn/aHold
2019-4-22Citigroupn/aBuy
2019-3-8Morgan StanleyEqual WeightEqual Weight
2019-1-8Wolfe ResearchMarket PerformOutperform
2019-1-30SunTrust Banksn/aHold
2019-1-10UBS GroupNeutralBuy

Dover stock analysis

Daily outlook

Dover shares remained constant -0.12% to $94.34 today.

Dover shares remained steady -0.12% to $94.34 today. Since price and SMA200d lines crossed up on January, DOV climbed $15.52 (19.69%). Since SMA50d and SMA100d crossed up on March, DOV price climbed $3.62 per share (3.99%). On May/3, DOV hit new all time highs, pushing higher previous ATH of $98.80 recorded on April/18. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

DOV stock chart (daily)

Weekly outlook

Dover shares stayed stable -0.12% this week, ending at $94.34. Counting this, it's been 3 red weeks in a row, sliding $-5.03 or a -5.18%.

In a weekly time frame, 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 price record Dover marked late April. Late January DOV price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since mid September 2018 when SMA20w and SMA40w crossed up, DOV price gained $6.83 per share (7.80%).

DOV stock chart (weekly)

Dover stock price history

Dover stock went public on March 17th, 1980 with a price of $0.161. Since then, DOV stock grew a 58,862.50%, with an average of 1,509.30% per year. If you had invested right after DOV's IPO a $1,000 in Dover stock in 1980, it would worth $588,625.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Dover stock historical price chart

DOV stock reached all-time highs on May 3rd with a price of $99.46.

Dover stock price target is $100.50

How much a stock will be priced tomorrow or next week is quite unpredictable 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. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 6 price targets for DOV stock published in the last month:
DOV stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-3BarclaysRaises Target$93.00$99.006.5%
2019-4-22Morgan StanleySet Price Target$97.00$101.004.1%
2019-4-22Deutsche BankSet Price Targetn/a$102.00-
2019-4-22CitigroupSet Price Targetn/a$113.00-
2019-3-8Morgan StanleyRaises Target$92.00$97.005.4%
2019-1-30SunTrust BanksRaises Target$5.68$91.001502.1%
(in average)$71.90$100.5040.0%
Moving in a range from $113.00 and $91.00, the price forecast for Dover stock is $100.50. In average, analysts' outlook on DOV price forecast is positive, upgrading the prediction by a 40.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on Apr 25th, Dover slightly fell an unpleasant -1.95%. Unfortunately, reported EPS is not yet available in our database.
DOV earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.05n/a
2017-Q32017-10-191.121.141.8%
2017-Q42018-01-301.041.8476.9%
2018-Q12018-04-271.131.162.7%
2018-Q22018-07-191.211.37.4%
2018-Q32018-10-181.291.365.4%
2018-Q42019-01-291.291.4310.9%
2019-Q12019-04-251.13n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a slightly fine increase of 2.51% to $6,992.12 M dollars. Nevertheless, its income margin (compared to sales) slightly fell to 8.16%, that is $570.27 million.

To have an updated picture of the financial situation of Dover, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Dover TTM sales up to March 2019 were $7,079.20 and income was $544.54 M USD. When comparing this TTM figures with the last reported annuality, we can esteem Dover business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, grew a slightly good 1.25%. Regarding profit margin, Dover stayed steady -0.46% to 8.16%

DOV annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,160 M-$798 M11.1%-
2014$7,753 M8.28%$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 M0.39%$812 M11.9%59.50%
2018$6,992 M2.51%$570 M8.2%-29.74%
TTM $7,079 M1.25%$545 M7.7%-4.51%

Quarterly financial results

Dover reported $1,724.76 million in revenues for 2019-Q1, a -4.65% decline compared to previous quarter. Reported quarter income marked $105.71 M with a profit margin of 6.13%. Profit margin depreciated a -1.70% compared to previous quarter when profit margin was 7.83%. When comparing revenues to same quarter last year, Dover sales marked a horrible decrease and plummed a -10.24%.
DOV quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,990 M-$164 M8.2%-
2017-Q3$2,010 M1.01%$179 M8.9%9.05%
2017-Q4$2,762 M37.42%$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 M3.52%$142 M7.8%-10.00%
2019-Q1$1,725 M-4.65%$106 M6.1%-25.33%

Dover ownership

When you are planning to buy shares of a company, it's worth to overview its ownership structure.

Dover shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.61% of all shares.

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:

DOVATUDHRFLSGE
Market cap$13.7 B$1.5 B$93.9 B$6.5 B$87.2 B
Total shares145.3 M61.4 M715.9 M131.1 M8,720.0 M
Float shares143.3 M60.6 M635.6 M130.9 M8,710.0 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 selling0.0%0.0%0.0%0.0%0.0%

Dover summary

Monday, May 20th, 2019
Open$94.05
Close$94.34
Day range$93.54 - $94.65
Previous close$94.45
Session gain-0.12%
Average true range$1.88
50d mov avg$95.15
100d mov avg$89.15
200d mov avg$85.98
Daily patternlt02a
Weekly pattern lt06a

Dover performance

To measure stock performance is always good to compare with competitors or related stocks. We compared Dover against Actuant, Danaher, Flowserve, General Electric, IDEX, , Illinois Tool Works, National Oilwell Varco, Parker-Hannifin and SPX in the following table:
Stock3m6m12m
DOVDover2.72%12.79%21.93%
ATUActuant-1.43%-6.08%-1.63%
DHRDanaher18.01%27.41%30.27%
FLSFlowserve7.03%11.36%19.42%
GEGeneral Electric3.20%30.04%-29.03%
IEXIDEX4.85%10.83%9.31%
IR15.94%16.97%37.14%
ITWIllinois Tool Wor...5.17%12.74%5.45%
NOVNational Oilwell ...-15.12%-23.42%-41.18%
PHParker-Hannifin-5.13%-3.38%-6.76%
SPXCSPX-14.25%2.51%-12.21%

Dover competitors

We chose a few stocks to conform a list of Dover competitors to check if you are interested in investing in DOV:

Latest Dover stock news