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Dover Corporation (DOV) is a leading specialty industrial machinery business with stocks listed in the US. It opened the day at US$143.86 after a previous close of US$145.76. During the day the price has varied from a low of USD142.91 to a high of USD144.39. The latest price was USD142.96 (25 minute delay). Dover Corporation is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Dover Corporation
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Dover Corporation. Find the share by name or ticker symbol: DOV. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Dover Corporation reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$153.15, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Dover Corporation, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Dover Corporation. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Dover Corporation key stats
- Compare share trading platforms
- Is Dover Corporation stock a buy or sell?
- Dover Corporation performance over time
- Can I short Dover Corporation shares?
- Is Dover Corporation suitable for ethical investing?
- Are Dover Corporation shares over-valued?
- Dover Corporation's financials
- How volatile are Dover Corporation shares?
- Does Dover Corporation pay a dividend?
- Have Dover Corporation shares ever split?
- Other common questions
Dover Corporation share priceUse our graph to track the performance of DOV stocks over time.
Dover Corporation shares at a glance
|52-week range||US$88.6252 - US$155.2521|
|50-day moving average||US$150.37|
|200-day moving average||US$134.3956|
|Dividend yield||US$1.975 (1.32%)|
|Earnings per share (TTM)||US$5.099|
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Is it a good time to buy Dover Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Dover Corporation price performance over time
|1 week (2021-06-11)||-5.80%|
|1 month (2021-05-21)||-3.58%|
|3 months (2021-03-19)||5.47%|
|6 months (2020-12-18)||15.42%|
|1 year (2020-06-19)||50.64%|
|2 years (2019-06-20)||45.80%|
|3 years (2018-06-20)||94.34%|
|5 years (2016-06-20)||148.40%|
Is Dover Corporation under- or over-valued?
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 P/E ratio
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 29x. In other words, Dover Corporation shares trade at around 29x 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 PEG ratio
Dover Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9381. 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
Dover Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$1.4 billion.
The EBITDA is a measure of a Dover Corporation's overall financial performance and is widely used to measure a its profitability.
Dover Corporation financials
|Revenue TTM||US$6.9 billion|
|Operating margin TTM||15.51%|
|Gross profit TTM||US$2.5 billion|
|Return on assets TTM||7.34%|
|Return on equity TTM||22.84%|
|Market capitalisation||US$21 billion|
TTM: trailing 12 months
Shorting Dover Corporation shares
There are currently 905,532 Dover Corporation shares held short by investors – that's known as Dover Corporation's "short interest". This figure is 23.2% down 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)
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 660972.26277372). Dover Corporation's SIR currently stands at 1.37. In other words for every 100,000 Dover Corporation shares traded daily on the market, roughly 1370 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 0.0063% of the tradable shares (for every 100,000 tradable Dover Corporation shares, roughly 6 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.
Dover Corporation's environmental, social and governance track record
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.
Dover Corporation's total ESG risk score
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 12/31/2018) 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.).
Dover Corporation's environmental score
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.
Dover Corporation's social score
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.
Dover Corporation's governance score
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.
Dover Corporation's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. 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.
Environmental, social, and governance (ESG) summary
|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|
Dover Corporation share dividends
Dividend payout ratio: 32.5% of net profits
Recently Dover Corporation has paid out, on average, around 32.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.31% 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 1.31% return on their shares, in the form of dividend payments. In Dover Corporation's case, that would currently equate to about $1.975 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 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 May 2021 (the "ex-dividend date").
Have Dover Corporation's shares ever split?
Dover Corporation's shares were split on a 1238:1000 basis on 8 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.
Dover Corporation share price volatility
Over the last 12 months, Dover Corporation's shares have ranged in value from as little as US$88.6252 up to US$155.2521. 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 1.3538. 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 overview
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, 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, 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 equipment; and digital textile printing equipment, as well as related consumables, software, and services. The Pumps and Process Solutions segment manufactures specialty pumps, fluid handling components, plastics and polymer processing equipment, and 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 plate 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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