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 $169.50, down 0.97% from the previous day, and has increased 14.39% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.12 percentage points. Dover stock is currently +33.2% from its 52-week low of $127.25, and -4.92% from its 52-week high of $178.28.
At the moment, there are 139.9M shares of DOV outstanding. The market cap of DOV is $23.71B. In the past 24 hours, 1.02M DOV shares were traded.
How to Buy Dover Stock
Not sure how to invest in Dover stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your method of payment and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
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Open eToro AccountStep 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.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
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.
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 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 22.42x, relative to Specialty Industrial Machinery industry P/E ratio of 26.55x
- DOV may be undervalued based on its P/B ratio of 4.64x, relative to Specialty Industrial Machinery industry P/B ratio of 4.86x
- DOV may be overvalued based on its PEG ratio of 1.08x
You can do more valuation research on DOV's stock here.
A quick look at DOV Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the DOV balance sheet.
- DOV's operating cash flow of $1.34B allows it to safely service it's debt of $3.46B.
- Total DOV debt is lower than 5 years ago, relative to shareholder equity.
- DOV earnings of $1.40B is not sufficient to cover its interest payments.
Failed Financial Due Diligence Checks:
- DOV profit margin of X% has stayed the same in the past year.
- There are more long-term liabilities than short-term assets on the DOV balance sheet.
- DOV has a relatively high debt to equity ratio of 1.22.
Is Dover stock a Buy, Hold, or Sell, according to analysts?
Out of 9 Equities analysts who give forecasts on DOV, the consensus analyst rating on Dover is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest DOV Analyst Upgrades/Downgrades
Deane Dray, a top 4% 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.
Joseph O'Dea, a top 22% analyst from Wells Fargo maintains DOV with a hold rating and raises their DOV price target from $140.00 to $167.00, on Dec 19, 2023.
Stephen Tusa, a top 16% analyst from JP Morgan maintains DOV with a strong buy rating and lowers their DOV price target from $171.00 to $162.00, on Oct 25, 2023.
Brett Linzey, a top 8% analyst from Mizuho maintains DOV with a strong buy rating and lowers their DOV price target from $165.00 to $162.00, on Oct 25, 2023.
You can dig deeper into what analysts are saying on the Dover stock forecast page.
DOV Trading Indicators
DOV Growth Numbers
Last year, DOV earnings were $1.06B. In the last 5 year, DOV's earnings have increased by 14.75% per year. This was slower than the Specialty Industrial Machinery industry average of 24.56%.
Last year, DOV revenue was $8.44B. During the past 5 year, DOV's revenue has gone up by 3.83% per year. This was faster than the Specialty Industrial Machinery industry average of 3.66%.
Find out more about DOV's earnings and revenue performance here.
Who is buying/selling DOV?
Over the past year, 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 stock on Mar 15, 2024.
Learn more about who owns DOV stock here.
Can I get consistent income from DOV stock?
Dover pays a dividend of 1.2%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.27%. If you owned $1,000 of DOV stock, you would have been paid $12.01 in the past 12 months.
Dover dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Dover dividend yield and history here.
What others are saying about DOV
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your DOV purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Click the Open Trade button and eToro will place the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Track your DOV investment
Now that you own some DOV shares, you'll want to stay up-to-date on your shares.
Start a watchlist to keep tabs on your DOV stock.
DOV Feed
How to Buy Stock in Dover
To reiterate, here are the 6 steps you need to take to buy Dover stock right now:
- Decide where to buy Dover stock
- Open a brokerage account
- Fund your investment account
- Analyze Dover stock
- Place your DOV purchase
- Track your DOV investment
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your investment in Dover, click the button below.
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