News headlines about Dover (NYSE:DOV) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dover earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.4165144782151 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern’s analysis:
- Dover (DOV) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- Fire crews raced to popular Dover restaurant The Cider Works (kentlive.news)
- Dover Police Investigating Northeast Title Loans Armed Robbery (wboc.com)
- Multiple items stolen in Dover burglary; investigation ongoing (wmdt.com)
- Dover Building and Zoning Department issues building project reminder (timesreporter.com)
Shares of DOV stock traded down $4.50 during trading hours on Friday, reaching $93.19. 1,795,251 shares of the company’s stock were exchanged, compared to its average volume of 1,381,228. The company has a market cap of $14,999.24, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. Dover has a 1 year low of $76.47 and a 1 year high of $109.06. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, February 27th. Dover’s dividend payout ratio (DPR) is 46.65%.
DOV has been the subject of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price objective (up from $100.00) on shares of Dover in a research report on Tuesday, January 16th. Seaport Global Securities reaffirmed a “hold” rating and set a $110.00 price objective on shares of Dover in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $105.00 price objective on shares of Dover in a research report on Wednesday, January 17th. Finally, JPMorgan Chase cut Dover from an “overweight” rating to a “neutral” rating in a research report on Monday, March 26th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $107.83.
In other news, insider Stephen Gary Kennon sold 15,702 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total transaction of $1,601,761.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Patrick Burns bought 510 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $97.51 per share, with a total value of $49,730.10. Following the completion of the purchase, the senior vice president now owns 1,883 shares in the company, valued at approximately $183,611.33. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 19,897 shares of company stock valued at $2,031,745. Company insiders own 2.50% of the company’s stock.
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Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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