Dover stock: buy or sell?

DOV stock price: $99.32 -0.02% At close on July 16th, 2019

Updated on:
July 16th, 2019

4

Shares of Dover closed today at $99.32 and stayed stable a tight -0.02%.

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.

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 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.
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

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.

DOV stock chart (daily)

Weekly outlook

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%).

DOV stock chart (weekly)

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 $100.50

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. 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:
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 target for Dover stock is $100.50, moving in a range between $113.00 and $91.00. In average, analysts' outlook on DOV price target is positive, improving the forecast by a 40.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on April, Dover grew a slightly good 3.77%. 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 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%

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 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%.
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 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:

DOVATUDHRFLSGE
Market cap$14.4 B$1.4 B$99.0 B$6.9 B$89.6 B
Total shares145.3 M61.4 M701.9 M131.1 M8,720.0 M
Float shares143.3 M60.6 M635.3 M130.8 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, July 16th, 2019
Open$99.02
Close$99.32
Day range$98.68 - $99.81
Previous close$99.34
Session gain-0.02%
Average true range$1.69
50d mov avg$96.35
100d mov avg$94.92
200d mov avg$88.01
Daily patternlb03a
Weekly pattern lb02a

Dover performance

Stocks 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:
Stock3m6m12m
DOVDover2.12%24.40%26.51%
ATUActuant-12.12%0.44%-18.35%
DHRDanaher11.44%31.66%40.09%
FLSFlowserve7.51%23.88%27.71%
GEGeneral Electric9.96%18.18%-17.51%
IEXIDEX10.16%20.93%22.33%
IR13.23%33.55%41.27%
ITWIllinois Tool Wor...-3.82%12.20%6.00%
NOVNational Oilwell ...-20.74%-29.68%-50.19%
PHParker-Hannifin-11.19%4.28%4.57%
SPXCSPX-8.07%15.35%-7.84%

Dover competitors

One 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.

Latest Dover stock news