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How to Buy Dover Stock

Dover Corp

Dover is a specialty industrial machinery company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker DOV on the NYSE exchange.

Dover stock last closed at $191.49, up 3.51% from the previous day, and has increased 28.6% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.1 percentage points. Dover stock is currently +50.48% from its 52-week low of $127.25, and -0.11% from its 52-week high of $191.70.

At the moment, there are 137.43M shares of DOV outstanding. The market cap of DOV is $26.32B. In the past 24 hours, 1.29M DOV shares were traded.

How to Buy Dover Stock

Not sure how to invest in Dover stock? Here's how.
  1. Decide where to buy Dover stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Dover stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your method of payment and add your details.
  4. Analyze Dover stock: The Dover ticker symbol is DOV. Is Dover stock a good investment? Should you buy shares of DOV? How do DOV's underlying business fundamentals look? Do top analysts think Dover is a good buy? Why has DOV's stock price moved recently? (Hint: Our stock market research tools can help you figure out if DOV is a good stock to buy).
  5. Place your DOV purchase: Decide if you will purchase DOV shares at the current market price or use a limit order to buy DOV stock at a specific price.
  6. Track your DOV investment: Create a watchlist to important updates regarding your new investment in Dover stock.

Step 1: Decide where to buy Dover stock

You need a brokerage account in order to access the NYSE market and buy DOV stock.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've selected the right brokerage, you'll need to fill out some personal details so you can buy DOV stock today.

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  1. Send your details by hitting the "Create Account" button.
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Step 3: Fund your investment account

Now that you've filled out your info on a mobile trading app, you need to deposit funds:

Check out the video below to see the process of transferring funds into your new investment account.

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Step 4: Analyze Dover stock

Once you have identified the best place to buy Dover stock, it's critical to analyze their stock prior to buying, so you actually understand the risk as well as the upside.

Dover stock at a glance

DOV Price
$191.49
1w %
9.34%
1y %
28.6%
5y %
92.8%
P/E
18.29x
P/B
5.11x
P/S
3.15x
PEG
N/A
Revenue
$8.45B
Earnings
$1.46B
Fore. Rev. Growth
2.7%
Fore. Earn. Growth
-2.97%
Market Cap
$26.32B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

DOV Fundamentals

WallStreetZen was designed to help part-time investors perform better fundamental analysis quickly.

You can see all of the due diligence checks on DOV's stock page.

What is the fair value of DOV stock?

Analysts use many financial metrics, analyses, models, and charts to gauge DOV's true value.

Using relative valuations methods:

  • DOV could be undervalued based on its P/E ratio of 18.29x, relative to Specialty Industrial Machinery industry P/E ratio of 25.92x
  • DOV may be undervalued based on its P/B ratio of 5.11x, relative to Specialty Industrial Machinery industry P/B ratio of 5.33x

You can do more valuation research on DOV's stock here.

DOV Financial Health Overview

Passed Financial Due Diligence Checks:

  • DOV profit margin has gone up from 12.5% to 17.3% in the past year.
  • There are more short-term assets than long-term liabilities on the DOV balance sheet.
  • DOV's operating cash flow of $1.26B allows it to safely service it's debt of $3.94B.
  • DOV earnings of $1.92B is not sufficient to cover its interest payments.
  • Total DOV debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the DOV balance sheet.

Failed Financial Due Diligence Checks:

  • DOV has a relatively high debt to equity ratio of 1.33.

Do Wall Street analysts think it's a good time to buy DOV stock

Out of 8 Equities analysts who give forecasts on DOV, the consensus analyst rating on Dover is a Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Latest DOV Analyst Ratings

Andy Kaplowitz, a top 1% analyst from Citigroup maintains DOV with a strong buy rating and raises their DOV price target from $180.00 to $205.00, on Apr 8, 2024.

Walt Liptak, a top 40% analyst from Seaport Global upgrades DOV to a buy rating and announces their DOV price target of $190.00, on Feb 5, 2024.

Deane Dray, a top 5% analyst from RBC Capital maintains DOV with a hold rating and raises their DOV price target from $146.00 to $153.00, on Feb 2, 2024.

You can dive deeper into what analysts are projecting on the Dover stock forecast page.

DOV Momentum

SMA10
180.39
SMA20
180.54
SMA50
181.58
SMA100
177.22
SMA200
160.96
MACD
1.16
MACD Signal
-0.12
MACD Histogram
1.28
RSI
70.3
Stochastic %K
89.75
Stochastic %D
77.61
StochRSI %K
100
StochRSI %D
93.04

DOV Performance Metrics

Last year, DOV earnings were $1.46B. During the past five year, DOV's earnings have gone up by 23.26% per year. This was faster than the Specialty Industrial Machinery industry average of 0.25%.

Last year, DOV revenue was $8.45B. During the last 5 year, DOV's revenue has gone up by 3.61% per year. This was slower than the Specialty Industrial Machinery industry average of 4.35%.

Find out more about DOV's earnings and revenue performance here.

Who is buying/selling DOV?

Over the last 12 months, executives and large shareholders at DOV have sold more shares than they have bought.

Kimberly K. Bors, Senior VP CHRO of DOV, was the latest DOV insider to sell. They sold $13,304.94 worth of DOV shares on Mar 15, 2024.

Learn more about who owns DOV shares here.

Does DOV provide a stable income stream?

No, Dover doesn't provide an income stream by paying out dividends.

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Step 5: Place your DOV purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.

Hit the Open button and your broker will place your order.

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Step 6: Track your DOV investment

Now that you own some DOV stock, you'll want to stay up-to-date on your investment.

Put DOV on a watchlist to keep track of your DOV stock.

DOV Feed

How to Buy Stock in Dover

To reiterate, here are the 6 steps for buying Dover stock:

  1. Decide where to buy Dover stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Analyze Dover stock
  5. Place your DOV purchase
  6. Track your DOV investment

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If you want to watch your investment in Dover, get started below.

NYSE: DOV
$191.49+6.50 (+3.51%)
Updated Jul 16, 2024
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NYSE: DOV
$191.49+6.50 (+3.51%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Dover share?

As of Jul 16, 2024, it costs $191.49 to buy one share of Dover stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.522 shares of DOV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Dover stock?

According to 8 Wall Street analysts who monitor Dover, their consensus recommendation is to buy Dover stock.

What is the best way to buy Dover stock?

One way to place an order for Dover stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.