Dover Corp. (DOV) 20 Days SMA touches 0.19%: The odds favor the bear

Dover Corp. (NYSE: DOV) kicked off on Friday, up 1.21% from the previous trading day, before settling in for the closing price of $181.63. Over the past 52 weeks, DOV has traded in a range of $127.25-$188.64.

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Industrials Sector giant saw their annual sales surged by 4.16% over the last five years. While this was happening, its average annual earnings per share was recorded 3.36%. With a float of $136.75 million, this company’s outstanding shares have now reached $139.90 million.

The firm has a total of 25000 workers. Let’s measure their productivity.

Dover Corp. (DOV) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Dover Corp. is 0.50%, while institutional ownership is 88.10%. The most recent insider transaction that took place on Mar 13 ’24, was worth 1,060,260. In this transaction Senior VP & CFO of this company sold 6,000 shares at a rate of $176.71, taking the stock ownership to the 17,909 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Director sold 1,500 for $171.19, making the entire transaction worth $256,785. This insider now owns 22,955 shares in total.

Dover Corp. (DOV) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 3.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.52% during the next five years compared to 14.92% growth over the previous five years of trading.

Dover Corp. (NYSE: DOV) Trading Performance Indicators

Take a look at Dover Corp.’s (DOV) current performance indicators. Last quarter, stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.99. Likewise, its price to free cash flow for the trailing twelve months is 23.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 10.41, a number that is poised to hit 2.21 in the next quarter and is forecasted to reach 9.94 in one year’s time.

Technical Analysis of Dover Corp. (DOV)

Analysing the last 5-days average volume posted by the [Dover Corp., DOV], we can find that recorded value of 1.13 million was better than the volume posted last year of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 18.14%. Additionally, its Average True Range was 2.75.

During the past 100 days, Dover Corp.’s (DOV) raw stochastic average was set at 89.21%, which indicates a significant increase from 45.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.34% in the past 14 days, which was lower than the 16.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $178.35, while its 200-day Moving Average is $155.34. Now, the first resistance to watch is $185.32. This is followed by the second major resistance level at $186.82. The third major resistance level sits at $189.57. If the price goes on to break the first support level at $181.07, it is likely to go to the next support level at $178.32. Should the price break the second support level, the third support level stands at $176.82.

Dover Corp. (NYSE: DOV) Key Stats

The company with the Market Capitalisation of 25.26 billion has total of 137,430K Shares Outstanding. Its annual sales at the moment are 8,438 M in contrast with the sum of 1,057 M annual income. Company’s last quarter sales were recorded 2,094 M and last quarter income was 632,220 K.