Dover stock: buy or sell?
September 20th, 2019
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.
|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 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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-11||Royal Bank of Canada||Positive||Sector Perform|
|2019-9-11||Robert W. Baird||n/a||Neutral|
|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 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.
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.
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 $103.10How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-11||Royal Bank of Canada||Raises Target||n/a||$97.00||-|
|2019-9-11||Robert W. Baird||Raises Target||$100.00||$105.00||5%|
|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 ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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%.
|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 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:
|Market cap||$14.4 B||$1.5 B||$104.6 B||$6.2 B||$82.2 B|
|Total shares||145.4 M||61.5 M||717.4 M||131.2 M||8,730.0 M|
|Float shares||143.4 M||60.9 M||636.3 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%|
|Friday, September 20th, 2019|
|Day range||$98.62 - $99.71|
|Average true range||$1.67|
|50d mov avg||$94.35|
|100d mov avg||$95.03|
|200d mov avg||$90.15|
Dover performanceTo 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.
|ITWIllinois Tool Wor...||3.28%||11.56%||8.06%|
|NOVNational Oilwell ...||6.06%||-14.86%||-47.28%|
Dover competitorsOne 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.
- 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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