Dover stock: buy or sell?

DOV stock price: $98.88 -0.09% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Shares of Dover closed today at $98.88 and remained stable a neutral -0.09%.

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide.

Should I buy Dover stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. 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.

Currently, Dover stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Dover stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we detected 12 ratings published for DOV stock in the last 30 days.

The general sentiment of these ratings is bullish for DOV stock, with 6 positive ratings.
Is DOV a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Citigroupn/aBuy
2019-9-11Royal Bank of CanadaPositiveSector Perform
2019-9-11Robert W. Bairdn/aNeutral
2019-7-19Barclaysn/aOverweight
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

Shares of Dover remained stable a neutral -0.09% and closed at $98.88.

Shares of Dover closed today at $98.88 and remained steady a neutral -0.09%. On Aug/28 DOV price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On July, DOV hit new all time highs, pushing higher previous ATH of $102.63 recorded on July. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

DOV stock chart (daily)

Weekly outlook

Dover shares declined -0.79% this week, ending at $98.88. Late August DOV rocketed an outstanding 6.53% in just one week. Late July DOV plummed a scary -5.89% in just one week.

Not so far away is the last price record Dover marked early July. Late August DOV price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

DOV stock chart (weekly)

Dover stock price history

Dover IPO was on March 17th, 1980 at $0.16 per share1. Since then, DOV stock surged a 61,700.00%, with an average of 1,582.10% per year. If you had invested right after DOV's IPO a $1,000 in Dover stock in 1980, it would worth $617,000.00 today.

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

Dover stock historical price chart

DOV stock reached all-time highs on July with a price of $102.91.

Dover stock price target is $103.10

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. 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 found 10 price targets for DOV stock published in the last 30 days:
DOV stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9CitigroupRaises Target$113.00$114.000.9%
2019-9-11Royal Bank of CanadaRaises Targetn/a$97.00-
2019-9-11Robert W. BairdRaises Target$100.00$105.005%
2019-7-19BarclaysRaises Target$111.00$112.000.9%
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)$87.40$103.1018.0%
The price prediction for Dover stock is $103.10, moving in a range between $114.00 and $91.00. In average, analysts' outlook on DOV price forecast is positive, improving the forecast by a 18.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Dover published its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will update this report.
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 sales report draw a slightly good gain of 2.51% to $6,992.12 M dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) decreased a -3.74% to 8.16%.

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 million 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, raised a tiny 1.25%. Likewise, profit margin (net income/revenues) remained steady at 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 posted $1,724.76 M in sales 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 terrible decrease and plunged 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 always worth to check 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.

For a better understanding, the next table shows ownership data compared to other related companies:

DOVATUDHRFLSGE
Market cap$14.4 B$1.5 B$104.6 B$6.2 B$82.2 B
Total shares145.4 M61.5 M717.4 M131.2 M8,730.0 M
Float shares143.4 M60.9 M636.3 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

Friday, September 20th, 2019
Open$99.50
Close$98.88
Day range$98.62 - $99.71
Previous close$98.97
Session gain-0.09%
Average true range$1.67
50d mov avg$94.35
100d mov avg$95.03
200d mov avg$90.15
Daily patternlt01a
Weekly pattern

Dover performance

To better understand Dover performance you must compare its gains with other related stocks in same sector or industry. For Dover, the benchmark is made against Actuant, Danaher, Flowserve, General Electric, IDEX, , Illinois Tool Works, National Oilwell Varco, Parker-Hannifin and SPX.
Stock3m6m12m
DOVDover2.25%10.68%13.16%
ATUActuant1.04%3.07%-18.65%
DHRDanaher1.53%12.67%35.61%
FLSFlowserve-5.63%10.33%-12.97%
GEGeneral Electric-9.94%-5.42%-19.14%
IEXIDEX-0.23%13.37%8.07%
IR-0.51%19.99%21.44%
ITWIllinois Tool Wor...3.28%11.56%8.06%
NOVNational Oilwell ...6.06%-14.86%-47.28%
PHParker-Hannifin4.57%10.03%-4.82%
SPXCSPX35.19%15.93%19.58%

Dover competitors

One check before investing in any stock is to review a list of its competitors, in this case for Dover. We selected 10 companies as Dover competitors as they are in the same industry or have similar market objectives.

Latest Dover stock news