Dover stock: buy or sell?
July 16th, 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 pick 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.
Currently, Dover stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|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 post stock ratings everyday.At Stocks2.com, we gathered 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
Shares of Dover stayed steady a tight -0.02% and closed at $99.32.
Dover shares stayed steady -0.02% to $99.32 today. DOV shows a short term strength with several rising tops and rising bottoms. In the very short term, on Thursday it marked a new bottom at $96.72 that should act a support if Dover starts a trading flat base in the range of $96.72 - $103.47 If Dover breakouts over $103.47 with average or higher volume, this would be a clear signal that the uptrend resumes. Since price and SMA100d lines crossed up on Jun/3, DOV climbed $9.91 (11.08%). Since SMA50d and SMA100d crossed up on March, DOV price climbed $9.08 per share (10.06%). On July/3, DOV hit new all time highs, pushing higher previous ATH of $103.19 recorded on July/2. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Dover shares depreciated -0.74% this week, ending at $99.32. Early June DOV boosted an exceptional 6.91% in just one week.
Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $103.47 resistance. Not so far away is the last price record Dover marked early July. 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 $12.27 per share (14.10%).
Dover stock price history
Dover stock went public on March 17th, 1980 with a price of $0.731. Since then, DOV stock surged a 13,505.50%, with an average of 346.30% per year. If you had invested $1,000 in Dover stock in 1980, it would worth $135,055.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Dover stock historical price chart
DOV stock reached all-time highs on July/3 with a price of $103.47.
Dover stock price target is $100.50How 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 6 price predictions for DOV stock:
|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 posting its last earnings report on April, Dover grew a slightly good 3.77%. 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 turnover report draw a tiny growth of 2.51% to $6,992.12 million USD. Instead, its profit margin (compared to sales) depreciated to 8.16%, that is $570.27 million. To have an updated view 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 dollars. 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, raised a slightly fine 1.25%. Regarding profit margin, Dover remained constant -0.46% to 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 reported $1,724.76 M in sales for 2019-Q1, a -4.65% decline compared to previous quarter. Reported quarter earnings marked $105.71 M with a profit margin of 6.13%. Profit margin decreased 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 terrifying decrease 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 invest in a stock, it's always 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.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$14.4 B||$1.4 B||$99.0 B||$6.9 B||$89.6 B|
|Total shares||145.3 M||61.4 M||701.9 M||131.1 M||8,720.0 M|
|Float shares||143.3 M||60.6 M||635.3 M||130.8 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, July 16th, 2019|
|Day range||$98.68 - $99.81|
|Average true range||$1.69|
|50d mov avg||$96.35|
|100d mov avg||$94.92|
|200d mov avg||$88.01|
Dover performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Dover performance to Actuant, Danaher, Flowserve, General Electric, IDEX, , Illinois Tool Works, National Oilwell Varco, Parker-Hannifin and SPX:
|ITWIllinois Tool Wor...||-3.82%||12.20%||6.00%|
|NOVNational Oilwell ...||-20.74%||-29.68%||-50.19%|
Dover competitorsOne check before investing in any stock is to review a list of its competitors, in this case for Dover. We picked 10 companies as Dover competitors as they are in the same industry or have similar market objectives.
- 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
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