Somewhat Positive Press Coverage Somewhat Unlikely to Impact Dover (DOV) Share Price

News headlines about Dover (NYSE:DOV) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dover earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.8379613337047 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern’s rankings:

DOV has been the topic of several analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Dover in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $95.00 target price on shares of Dover in a research note on Tuesday, September 12th. Seaport Global Securities reiterated a “neutral” rating on shares of Dover in a research note on Wednesday, September 13th. Morgan Stanley lifted their target price on Dover from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Tuesday, September 19th. Finally, JPMorgan Chase & Co. raised Dover from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $105.00 in a report on Wednesday, September 20th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $95.31.

Dover (NYSE:DOV) traded down $0.40 during trading on Tuesday, hitting $100.46. The company had a trading volume of 605,000 shares, compared to its average volume of 1,207,977. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87. Dover has a 12-month low of $74.53 and a 12-month high of $101.17. The firm has a market capitalization of $15,740.00, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29.

Dover (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. analysts expect that Dover will post 3.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Wednesday, November 29th. Dover’s dividend payout ratio (DPR) is 43.72%.

In related news, SVP Stephen Gary Kennon sold 2,359 shares of Dover stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $94.40, for a total transaction of $222,689.60. Following the completion of the sale, the senior vice president now owns 5,192 shares of the company’s stock, valued at $490,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William T. Bosway sold 6,087 shares of the business’s 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 transaction, 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. Corporate 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.

Insider Buying and Selling by Quarter for Dover (NYSE:DOV)

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