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Dover Corporation is a specialty industrial machinery business based in the US. Dover Corporation stocks (DOV.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $172.42 – a decrease of 4.72% over the previous week. Dover Corporation employs 23,000 staff and has a trailing 12-month revenue of around $7.4 billion.
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Since the stock market crash in March caused by coronavirus, Dover Corporation's stock price has had significant positive movement.
Its last market close was $162.64, which is 26.56% up on its pre-crash value of $119.44 and 158.36% up on the lowest point reached during the March crash when the stocks fell as low as $62.95.
If you had bought $1,000 worth of Dover Corporation stocks at the start of February 2020, those stocks would have been worth $575.26 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,431.23.
| Latest market close | $162.64 |
|---|---|
| 52-week range | $103.9195 - $176.46 |
| 50-day moving average | $171.8521 |
| 200-day moving average | $152.5278 |
| Wall St. target price | $181.18 |
| PE ratio | 27.1084 |
| Dividend yield | $1.98 (1.18%) |
| Earnings per share (TTM) | $6.059 |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the last close of $162.64
| 1 week (2021-09-13) | -4.72% |
|---|---|
| 1 month (2021-08-20) | -5.83% |
| 3 months (2021-06-18) | 13.77% |
| 6 months (2021-03-19) | 19.99% |
| 1 year (2020-09-18) | 44.44% |
|---|---|
| 2 years (2019-09-20) | 64.43% |
| 3 years (2018-09-20) | 82.01% |
| 5 years (2016-09-20) | 135.95% |
Valuing Dover Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Dover Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Dover Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Dover Corporation stocks trade at around 27x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
Dover Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7153. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Dover Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Dover Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.5 billion.
The EBITDA is a measure of a Dover Corporation's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | USD$7.4 billion |
|---|---|
| Operating margin TTM | 16.5% |
| Gross profit TTM | USD$2.5 billion |
| Return on assets TTM | 8.18% |
| Return on equity TTM | 25.84% |
| Profit margin | 11.84% |
| Book value | $25.836 |
| Market capitalisation | USD$23.6 billion |
TTM: trailing 12 months
There are currently 1.3 million Dover Corporation stocks held short by investors – that's known as Dover Corporation's "short interest". This figure is 18.5% down from 1.6 million last month.
There are a few different ways that this level of interest in shorting Dover Corporation stocks can be evaluated.
Dover Corporation's "short interest ratio" (SIR) is the quantity of Dover Corporation stocks currently shorted divided by the average quantity of Dover Corporation stocks traded daily (recently around 754742.35294118). Dover Corporation's SIR currently stands at 1.7. In other words for every 100,000 Dover Corporation stocks traded daily on the market, roughly 1700 stocks are currently held short.
However Dover Corporation's short interest can also be evaluated against the total number of Dover Corporation stocks, or, against the total number of tradable Dover Corporation stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Dover Corporation's short interest could be expressed as 0.01% of the outstanding stocks (for every 100,000 Dover Corporation stocks in existence, roughly 10 stocks are currently held short) or 0.009% of the tradable stocks (for every 100,000 tradable Dover Corporation stocks, roughly 9 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Dover Corporation.
Find out more about how you can short Dover Corporation stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Dover Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 30.87
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Dover Corporation's overall score of 30.87 (as at 01/01/2019) is nothing to write home about – landing it in it in the 55th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Dover Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 9.29/100
Dover Corporation's environmental score of 9.29 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Dover Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 18.14/100
Dover Corporation's social score of 18.14 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Dover Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 10.44/100
Dover Corporation's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that Dover Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Dover Corporation scored a 1 out of 5 for controversy – the highest score possible, reflecting that Dover Corporation has managed to keep its nose clean.
Dover Corporation was last rated for ESG on: 2019-01-01.
| Total ESG score | 30.87 |
|---|---|
| Total ESG percentile | 55.38 |
| Environmental score | 9.29 |
| Environmental score percentile | 6 |
| Social score | 18.14 |
| Social score percentile | 6 |
| Governance score | 10.44 |
| Governance score percentile | 6 |
| Level of controversy | 1 |
Dividend payout ratio: 28.28% of net profits
Recently Dover Corporation has paid out, on average, around 28.28% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Dover Corporation shareholders could enjoy a 1.19% return on their shares, in the form of dividend payments. In Dover Corporation's case, that would currently equate to about $1.98 per share.
While Dover Corporation's payout ratio might seem fairly standard, it's worth remembering that Dover Corporation may be investing much of the rest of its net profits in future growth.
Dover Corporation's most recent dividend payout was on 15 September 2021. The latest dividend was paid out to all shareholders who bought their stocks by 30 August 2021 (the "ex-dividend date").
Dover Corporation stocks were split on a 1238:1000 basis on 9 May 2018. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1238 shares. This wouldn't directly have changed the overall worth of your Dover Corporation stocks – just the quantity. However, indirectly, the new 19.2% lower stock price could have impacted the market appetite for Dover Corporation stocks which in turn could have impacted Dover Corporation's stock price.
Over the last 12 months, Dover Corporation's stocks have ranged in value from as little as $103.9195 up to $176.46. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Dover Corporation's is 1.3701. This would suggest that Dover Corporation's stocks are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides aftermarket vehicle, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, bearings, drives, electric monitoring, and fluid dispensing systems. This segment also offers manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors. The Fueling Solutions segment transports fuels and other hazardous fluids, as well as operates retail fueling and vehicle wash establishments. The Imaging and Identification segment provides precision marking and coding; product traceability equipment; and digital textile printing equipment, as well as related consumables, software, and services. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and engineered components for rotating and reciprocating machines. This segment also manufactures pumps that are used to transfer liquid and bulk products in various markets, including plastics and polymers processing, chemicals production, food/sanitary, biopharma, medical, transportation, petroleum refining, power generation and general industrial applications. The Refrigeration & Food Equipment segment manufactures refrigeration systems, refrigeration display cases, commercial glass refrigerators and freezer doors, and brazed plate heat exchangers for industrial heating and cooling, and residential climate control applications; and commercial food service equipment and can-shaping machinery. The company sells its products directly and through a network of distributors. Dover Corporation was incorporated in 1947 and is headquartered in Downers Grove, Illinois.
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