Dover Corporation (DOV) is a leading specialty industrial machinery business based in the US. Dover Corporation is listed on the NYSE and employs 24,000 staff. All prices are listed in US Dollars.
|52-week range||$62.1062 - $130.41|
|50-day moving average||$124.6109|
|200-day moving average||$114.7711|
|Wall St. target price||$137.58|
|Dividend yield||$1.98 (1.58%)|
|Earnings per share (TTM)||$4.59|
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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 shares 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 2.1228. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares 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 share prices of multiple high-growth companies.
Dover Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.3 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||$6.7 billion|
|Operating margin TTM||14.71%|
|Gross profit TTM||$2.6 billion|
|Return on assets TTM||6.96%|
|Return on equity TTM||21.38%|
|Market capitalisation||$18.1 billion|
TTM: trailing 12 months
There are currently 1.8 million Dover Corporation shares held short by investors – that's known as Dover Corporation's "short interest". This figure is 54.7% up from 1.2 million last month.
There are a few different ways that this level of interest in shorting Dover Corporation shares can be evaluated.
Dover Corporation's "short interest ratio" (SIR) is the quantity of Dover Corporation shares currently shorted divided by the average quantity of Dover Corporation shares traded daily (recently around 773359.65665236). Dover Corporation's SIR currently stands at 2.33. In other words for every 100,000 Dover Corporation shares traded daily on the market, roughly 2330 shares are currently held short.
However Dover Corporation's short interest can also be evaluated against the total number of Dover Corporation shares, or, against the total number of tradable Dover Corporation shares (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 shares (for every 100,000 Dover Corporation shares in existence, roughly 10 shares are currently held short) or 0.0143% of the tradable shares (for every 100,000 tradable Dover Corporation shares, roughly 14 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share 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. A high-profile company, 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.
|Total ESG score||30.87|
|Total ESG percentile||55.38|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
|Level of controversy||1|
Dividend payout ratio: 34.79% of net profits
Recently Dover Corporation has paid out, on average, around 34.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.58% 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 1.58% 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 14 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 27 November 2020 (the "ex-dividend date").
Dover Corporation's shares 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 shares – just the quantity. However, indirectly, the new 19.2% lower share price could have impacted the market appetite for Dover Corporation shares which in turn could have impacted Dover Corporation's share price.
Over the last 12 months, Dover Corporation's shares have ranged in value from as little as $62.1062 up to $130.41. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Dover Corporation's is 1.2836. This would suggest that Dover Corporation's shares 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 services, 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 and 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; and digital textile printing equipment, as well as related consumables. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and highly 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 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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