DOV Stock Summary and Trading Ideas (Dover | NYSE:DOV)

Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. It operates through five segments: engineered systems, clean energy, and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

Dover trades on the NYSE stock market under the symbol DOV.

As of April 24, 2024, DOV stock price declined to $171.44 with 1,149,731 million shares trading.

DOV has a beta of 1.14, meaning it tends to be more sensitive to market movements. DOV has a correlation of 0.50 to the broad based SPY ETF.

DOV has a market cap of $23.55 billion. This is considered a Large Cap stock.

Last quarter Dover reported $2 billion in Revenue and $2.45 earnings per share. This fell short of revenue expectation by $-54 million and exceeded earnings estimates by $.02.

In the last 3 years, DOV stock traded as high as $184.05 and as low as $114.49.

The top ETF exchange traded funds that DOV belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

DOV has underperformed the market in the last year with a price return of +17.5% while the SPY ETF gained +24.2%. However, in the short term, DOV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +14.1% vs +4.6% return in SPY. But in the last 2 weeks, DOV shares have been beat by the market, returning -3.3% compared to an SPY return of -2.7%.

DOV support price is $170.30 and resistance is $174.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DOV stock will trade within this expected range on the day.