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DOV
Stock ticker:
NYSE
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Capitalization
19.9B

DOV Dover Corp Forecast, Technical & Fundamental Analysis

a manufacturer of specialized industrial equipment and products

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A.I.Advisor
a Summary for DOV with price predictions
08:00 PM EDT Jun 07, 2023

DOV's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for DOV turned positive on June 02, 2023. Looking at past instances where DOV's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 07, 2023. You may want to consider a long position or call options on DOV as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOV advanced for three days, in of 355 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

DOV moved below its 50-day moving average on June 08, 2023 date and that indicates a change from an upward trend to a downward trend.

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 June 07, 2023. 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 June 08, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

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 76, 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 (4.462) is normal, around the industry mean (8.409). P/E Ratio (19.011) is within average values for comparable stocks, (46.109). Projected Growth (PEG Ratio) (1.245) is also within normal values, averaging (2.147). Dividend Yield (0.014) settles around the average of (0.021) among similar stocks. P/S Ratio (2.374) is also within normal values, averaging (11.916).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DOV’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 7.64B. The market cap for tickers in the group ranges from 1.55K to 134.34B. SMAWF holds the highest valuation in this group at 134.34B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 3%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 11%. MSBN experienced the highest price growth at 135%, while PGTK experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was 56% and the average quarterly volume growth was 50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 62
Price Growth Rating: 48
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: 0 (-100 ... +100)
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A.I. Advisor
published Earnings

DOV is expected to report earnings to rise 13.92% to $2.21 per share on July 20

Dover Corp DOV Stock Earnings Reports
Q2'23
Est.
$2.21
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.01
Q3'22
Beat
by $0.08
Q2'22
Beat
by $0.07
The last earnings report on April 26 showed earnings per share of $1.94, beating the estimate of $1.93. With 817.60K shares outstanding, the current market capitalization sits at 19.90B.
A.I.Advisor
published Dividends

DOV is expected to pay dividends on June 15, 2023

Dover Corp DOV Stock Dividends
A dividend of $0.50 per share will be paid with a record date of June 15, 2023, and an ex-dividend date of May 30, 2023. The last dividend of $0.50 was paid on March 15. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of specialized industrial equipment and products

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
Miscellaneous Manufacturing
Address
3005 Highland Parkway
Phone
+1 630 541-1540
Employees
25000
Web
https://www.dovercorporation.com
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DOV and

Correlation & Price change

A.I.dvisor indicates that over the last year, DOV has been closely correlated with ITW. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if DOV jumps, then ITW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DOV
1D Price
Change %
DOV100%
-0.88%
ITW - DOV
86%
Closely correlated
+0.24%
PH - DOV
85%
Closely correlated
-0.87%
ITT - DOV
85%
Closely correlated
+0.17%
IR - DOV
81%
Closely correlated
+0.11%
AME - DOV
81%
Closely correlated
-0.48%
More

Groups containing DOV

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DOV
1D Price
Change %
DOV100%
-0.88%
DOV
(undefined stocks)
92%
Closely correlated
-0.58%
industrial
(undefined stocks)
85%
Closely correlated
+0.24%
Industrial Machinery
(undefined stocks)
62%
Loosely correlated
+0.33%
miscellaneous
(undefined stocks)
57%
Loosely correlated
-1.61%