For its third fiscal quarter (ending September 30), Dover Corp (NYSE: DOV) has reported a 22% increase in E.P.S. from $1.87 a year ago to $2.28 in the current quarter. For the latest four quarters through September 30, E.P.S. were $10.54 compared to $6.78 a year ago — an increase of 55%.
Recent Price Action
Dover Corp (NYSE: DOV) stock closed at $184.78 on 10/24/24 after a decline of -3.6%. Moreover, this decline was accompanied by exceptionally high trading volume at 284% of normal. The stock has declined -4.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
DOV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Dover has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dover has a poor Appreciation Score of 26 but a good Power Rating of 76, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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