Dover stock: buy or sell?

DOV stock price: $95.21 0.91% At close on May 21st, 2019

Updated on:
May 21st, 2019

3

Dover inched a slightly fine 0.91% and closed at $95.21.

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.

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?

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.
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 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.

DOV stock chart (daily)

Weekly outlook

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%).

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 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 $100.50

Nobody 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:
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%
The price forecast for Dover stock is $100.50, moving in a range between $113.00 and $91.00. In average, analysts' outlook on DOV price forecast is positive, improving the forecast by a 40.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After 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.
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 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%.

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 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%.
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 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:

DOVATUDHRFLSGE
Market cap$13.8 B$1.5 B$93.3 B$6.6 B$86.2 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

Tuesday, May 21st, 2019
Open$94.81
Close$95.21
Day range$94.60 - $95.48
Previous close$94.35
Session gain0.91%
Average true range$1.85
50d mov avg$95.24
100d mov avg$89.42
200d mov avg$86.05
Daily pattern
Weekly pattern lt06a

Dover performance

To 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:
Stock3m6m12m
DOVDover3.67%13.83%23.06%
ATUActuant-3.41%-3.53%-2.83%
DHRDanaher14.97%27.60%28.34%
FLSFlowserve9.15%13.55%21.78%
GEGeneral Electric1.13%36.09%-28.25%
IEXIDEX4.82%15.68%9.83%
IR14.69%20.26%37.89%
ITWIllinois Tool Wor...3.90%13.02%4.18%
NOVNational Oilwell ...-15.23%-23.52%-41.25%
PHParker-Hannifin-6.72%0.72%-6.18%
SPXCSPX-18.70%1.28%-13.89%

Dover competitors

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

Latest Dover stock news