Headlines about Dover (NYSE:DOV) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dover earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.8371049607971 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Sam’s Club Locations in Dover, Salisbury Spared From Mass Closin (wboc.com)
- Dover (DOV) versus Newport (NEWP) Head-To-Head Review (americanbankingnews.com)
- York City academy, Spooky Nook Sports suspend Dover HS coach (yorkdispatch.com)
- SMILE Media Helps Business Make Connections With Big Data (newswire.com)
- Dover Corp Stock Popped 34.8% in 2017, but It Isn’t Done Yet (fool.com)
Dover (DOV) opened at $104.14 on Friday. Dover has a twelve month low of $75.51 and a twelve month high of $104.56. The company has a market capitalization of $16,224.07, a P/E ratio of 24.22, a P/E/G ratio of 1.78 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70.
Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. analysts expect that Dover will post 3.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.81%. Dover’s payout ratio is currently 43.72%.
Several analysts have weighed in on DOV shares. Zacks Investment Research upgraded shares of Dover from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Dover in a report on Thursday, January 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Dover in a report on Thursday, December 14th. ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $96.00 price target on shares of Dover in a report on Monday, October 23rd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $96.50.
In other Dover news, Director Michael B. Stubbs sold 41,505 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William T. Bosway sold 6,087 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now directly owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Insiders have sold 65,276 shares of company stock valued at $6,234,042 in the last ninety days. Company insiders own 2.50% of the company’s stock.
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Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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