News stories about Dover Corporation (NYSE:DOV) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Dover Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.8824902606223 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Dover Corporation (DOV) VP Paul Goldberg Sells 2,430 Shares (americanbankingnews.com)
- Comparing Stanley Black & Decker (SWK) and Dover Corporation (DOV) (americanbankingnews.com)
- Food Processing Equipment Market to Record Study Growth by 2022 (reports.pr-inside.com)
- 3 Reasons to Buy This Dividend Aristocrat Stock – Motley Fool (fool.com)
- Stocks Trending Alert: Dover Corporation, (NYSE: DOV), Hercules Capital, Inc., (NYSE: HTGC), Domtar Corporation … – Stocks In The News (press release) (tradingnewsnow.com)
DOV has been the subject of several research reports. J P Morgan Chase & Co upgraded shares of Dover Corporation from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $105.00 in a report on Wednesday, September 20th. Morgan Stanley upped their price objective on shares of Dover Corporation from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, September 19th. Robert W. Baird restated a “buy” rating and issued a $95.00 price objective on shares of Dover Corporation in a report on Tuesday, September 12th. SunTrust Banks, Inc. restated a “hold” rating and issued a $90.00 price objective on shares of Dover Corporation in a report on Thursday, October 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $92.00 price objective on shares of Dover Corporation in a report on Tuesday, October 17th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Dover Corporation currently has an average rating of “Hold” and an average target price of $94.69.
Shares of Dover Corporation (NYSE:DOV) traded down $0.91 during mid-day trading on Wednesday, reaching $92.70. 884,900 shares of the company traded hands, compared to its average volume of 1,240,335. Dover Corporation has a one year low of $68.10 and a one year high of $97.09. The stock has a market cap of $14,611.65, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. 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 Corporation (NYSE:DOV) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.10%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $0.83 EPS. Dover Corporation’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts anticipate that Dover Corporation will post 3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, November 29th. Dover Corporation’s dividend payout ratio (DPR) is 43.72%.
In related news, VP Paul Goldberg sold 2,430 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total transaction of $227,205.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the sale, the director now directly owns 275,344 shares in the company, valued at $26,342,160.48. The disclosure for this sale can be found here. Insiders have sold a total of 56,830 shares of company stock worth $5,435,157 over the last three months. 2.50% of the stock is currently owned by insiders.
About Dover Corporation
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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