Dover Corporation posted fourth-quarter 2022 adjusted earnings per share (EPS) from continuing operations of $2.16, exceeding the Zacks Consensus Estimate of $2.15 (according to Zacks Equity Research).
EPS was +21% higher year-over-year, on the back of strong demand and solid backlog rates, coupled with improving price-cost dynamics – which offset the effects of input shortages, inflationary cost pressure and foreign currency headwinds.
Revenues in the quarter were up +7.5% year over year to $2,139 million, beating the Zacks Consensus Estimate of $2,108 million.
Organic growth came in at +9% for the quarter.
The company’s revenue from Engineered Products segment grew +13.4% year-over-year in the quarter, and those from Clean Energy & Fueling segment were up +12.4%. Imaging & Identification segment’s revenues rose +0.3% year over year. Climate & Sustainability Technologies segment’s revenues climbed +17.6%. Pumps & Process Solutions segment’s revenues slipped -6.5%.
Dover projects adjusted EPS in the range of $8.85 to $9.05 for 2023, and expects revenue growth of 3-5%.
The Moving Average Convergence Divergence (MACD) for DOV turned positive on April 25, 2024. Looking at past instances where DOV's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 25, 2024. You may want to consider a long position or call options on DOV as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
DOV moved above its 50-day moving average on April 22, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOV advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for DOV moved out of overbought territory on April 29, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 53 similar instances where the indicator moved out of overbought territory. In of the 53 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DOV broke above its upper Bollinger Band on April 25, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for DOV entered a downward trend on April 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. DOV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.721) is normal, around the industry mean (5.264). P/E Ratio (23.342) is within average values for comparable stocks, (49.901). Projected Growth (PEG Ratio) (1.293) is also within normal values, averaging (2.219). Dividend Yield (0.012) settles around the average of (0.022) among similar stocks. P/S Ratio (2.925) is also within normal values, averaging (9.714).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of specialized industrial equipment and products
Industry IndustrialMachinery