Several brokerages have updated their recommendations and price targets on shares of Dover Corp. (NYSE: DOV) in the last few weeks:
Dover Corp. (NYSE:DOV) traded up 0.55% during trading on Wednesday, reaching $67.28. The company had a trading volume of 851,416 shares. Dover Corp. has a 52-week low of $50.91 and a 52-week high of $74.90. The stock has a market cap of $10.44 billion, a PE ratio of 19.35 and a beta of 1.25. The company has a 50-day moving average price of $71.20 and a 200 day moving average price of $69.15.
Dover Corp. (NYSE:DOV) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.71 billion. Dover Corp. had a return on equity of 14.27% and a net margin of 8.03%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. On average, analysts anticipate that Dover Corp. will post $3.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, August 29th. This is a positive change from Dover Corp.’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 2.63%. Dover Corp.’s dividend payout ratio (DPR) is currently 50.29%.