Dover Corporation Is Not A Buy At Its New High [Seeking Alpha]
Dover Corporation (DOV)
Last dover corporation earnings: 4/21 06:30 am
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US:NYSE Investor Relations:
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Company Research
Source: Seeking Alpha
The company's actual business model is the buying and selling of companies. The current P/E is 18.7x based on management's EPS guidance for 2024. Their CFO continues to sell stock. Dover Corp ( NYSE: DOV ) hit a new annual high Monday. Not only are investors being irrational when valuing DOV, they are irrational in valuing much of the equity market. Most of the DOV metrics indicate the stock is not a buy at the latest price - the dividend yield is only 1.2%, the forward P/E is 18.7x, and it has a negative tangible book value. In addition, the CFO continues to sell stock. "Old School" Metrics Dividends I want to start with Dover's dividends. They increased their dividends for 69 consecutive years. While that seems very impressive, it is not, in my opinion, a rational reason to buy/hold a stock if the stock is otherwise fully valued. The current $0.51 quarterly dividend results in a dividend yield of only 1.2% and is very low compared to 4.53% on 2-year treasuries. The grow
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DOV
News
- Dover Corporation's (NYSE:DOV) CEO Compensation Is Looking A Bit Stretched At The Moment [Yahoo! Finance]Yahoo! Finance
- Dover Co. (NYSE: DOV) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Dover Co. (NYSE: DOV) had its price target raised by analysts at Oppenheimer Holdings Inc. from $187.00 to $197.00. They now have an "outperform" rating on the stock.MarketBeat
- Dover Co. (NYSE: DOV) had its price target raised by analysts at Wells Fargo & Company from $177.00 to $190.00. They now have an "equal weight" rating on the stock.MarketBeat
- Dover Co. (NYSE: DOV) had its price target raised by analysts at Barclays PLC from $180.00 to $186.00. They now have an "equal weight" rating on the stock.MarketBeat
DOV
Earnings
- 4/25/24 - Beat
DOV
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/10/24 - Form 8-K
- DOV's page on the SEC website