Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Dover (DOV) Stock Price
Media coverage about Dover (NYSE:DOV) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dover earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.6646148893055 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s rankings:
- Dover (DOV) Hits 52-Week High: What’s Fueling the Stock? – Nasdaq (nasdaq.com)
- Dover (DOV) Hits 52-Week High: What's Fueling the Stock? (finance.yahoo.com)
- Noteworthy Thursday Option Activity: DPZ, DOV, IBTX (marketnewsvideo.com)
- County Contractor Blocked Audit, Lied For Benefits: Comptroller (patch.com)
Dover (NYSE DOV) traded down $0.85 during mid-day trading on Friday, hitting $96.88. The company had a trading volume of 1,320,000 shares, compared to its average volume of 1,110,000. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. The firm has a market cap of $14,960.00, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.91 and a beta of 1.28. Dover has a twelve month low of $73.61 and a twelve month high of $98.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.94%. Dover’s payout ratio is currently 43.72%.
A number of equities analysts have issued reports on the company. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a research report on Friday. SunTrust Banks reaffirmed a “hold” rating and issued a $96.00 target price on shares of Dover in a research report on Monday, October 23rd. Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 target price on shares of Dover in a research report on Tuesday, October 17th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $96.00 target price (up from $90.00) on shares of Dover in a research report on Monday, October 9th. Thirteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $94.69.
In related news, Director Michael B. Stubbs sold 8,495 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.30, for a total transaction of $818,068.50. Following the completion of the transaction, the director now directly owns 275,344 shares in the company, valued at approximately $26,515,627.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael B. Stubbs sold 41,505 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at $26,342,160.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,276 shares of company stock valued at $6,234,042. 2.50% of the stock is owned by company insiders.
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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.
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