News coverage about Dover (NYSE:DOV) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Dover earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.4535379859694 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern’s rankings:
- Dover Wellsite Business To Be Named Apergy (epmag.com)
- Del. judge approves sale of translation company to co-founder (wmdt.com)
- Despite Rising Rates, Dividend Stocks Still Make A Lot Of Sense (VIG) (etfdailynews.com)
- Judge approves sale of translation company to co-founder (washingtonpost.com)
- Barclays Initiates Coverage on Dover (DOV) (americanbankingnews.com)
A number of equities analysts have issued reports on DOV shares. SunTrust Banks reaffirmed a “hold” rating and issued a $96.00 target price on shares of Dover in a research report on Monday, October 23rd. Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $100.00 target price on shares of Dover in a research report on Thursday, December 14th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $100.00 target price on shares of Dover in a research report on Thursday, January 4th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $107.83.
Shares of Dover (NYSE:DOV) traded down $0.38 during midday trading on Friday, hitting $101.21. The stock had a trading volume of 776,837 shares, compared to its average volume of 1,515,239. Dover has a 1-year low of $75.51 and a 1-year high of $109.06. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $15,687.97, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.
Dover (NYSE:DOV) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. research analysts forecast that Dover will post 5.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.86%. Dover’s dividend payout ratio (DPR) is 36.50%.
In other news, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was 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 in the company, valued at approximately $2,070,876.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.
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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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