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After finishing at $181.15 in the prior trading day, Dover Corp. (NYSE: DOV) closed at $180.37, down -0.43%. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1.08 million shares were traded. DOV stock price reached its highest trading level at $182.65 during the session, while it also had its lowest trading level at $179.96.
Ratios:
Our goal is to gain a better understanding of DOV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.10. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.58.
On December 13, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $171.
Barclays Downgraded its Overweight to Equal Weight on April 08, 2022, whereas the target price for the stock was revised from $190 to $160.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Cerepak Brad M sold 6,000 shares for $176.71 per share. The transaction valued at 1,060,260 led to the insider holds 17,909 shares of the business.
Todd Stephen M. sold 1,500 shares of DOV for $256,785 on Mar 07 ’24. The Director now owns 22,955 shares after completing the transaction at $171.19 per share. On Feb 23 ’24, another insider, Cerepak Brad M, who serves as the Senior VP & CFO of the company, sold 18,410 shares for $163.01 each. As a result, the insider received 3,001,088 and left with 23,909 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOV now has a Market Capitalization of 24895387648 and an Enterprise Value of 27800780800. As of this moment, Dover’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.32, and their Forward P/E ratio for the next fiscal year is 18.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 4.81. Its current Enterprise Value per Revenue stands at 3.289 whereas that against EBITDA is 16.083.
Stock Price History:
The Beta on a monthly basis for DOV is 1.22, which has changed by 0.22867846 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, DOV has reached a high of $192.31, while it has fallen to a 52-week low of $127.25. The 50-Day Moving Average of the stock is -0.83%, while the 200-Day Moving Average is calculated to be 11.42%.
Shares Statistics:
The stock has traded on average 1.07M shares per day over the past 3-months and 1051350 shares per day over the last 10 days, according to various share statistics. A total of 139.90M shares are outstanding, with a floating share count of 136.75M. Insiders hold about 0.50% of the company’s shares, while institutions hold 87.52% stake in the company. Shares short for DOV as of 1719532800 were 2564012 with a Short Ratio of 2.40, compared to 1717113600 on 3921756. Therefore, it implies a Short% of Shares Outstanding of 2564012 and a Short% of Float of 2.42.
Dividends & Splits
In the trailing 12 months, DOV’s forward annual dividend rate was 2.035, compared to 2.04 this year. Against a Trailing Annual Dividend Yield of 0.011233785The stock’s 5-year Average Dividend Yield is 1.52. The current Payout Ratio is 27.01% for DOV, which recently paid a dividend on 2024-05-31 with an ex-dividend date of 1717113600. Stock splits for the company last occurred on 2018-05-09 when the company split stock in a 1238:1000 ratio.
