Taking a Look at the Data Behind Dover Corporation (DOV)

Dover Corporation (NYSE:DOV) is an interesting player in the Industrial Goods space, with a focus on Diversified Machinery. The stock has been active on the tape, currently trading at $78.37, up from yesterday’s close by -1.00%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Dover Corporation (DOV) currently trades with a market capitalization of $12.17B. That value represents a market adjusting for revenues that have been falling by -4.50% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For DOV, the company currently has $514.76M of cash on the books, which is offset by $3.13B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $732.12M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 0.74 on a per share basis this quarter. Perhaps, that suggests something about why 92.40% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Dover Corporation recorded a 52-week high of 79.23. It is now trading 0.070000000000007 off that level. The stock is trading 75.60 its 50-day moving average by -3.56. The stock carved out a 52-week low down at 50.91.

In recent action, Dover Corporation (DOV) has made a move of +1.61% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 27.14, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 152.99M with 1.62% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of DOV.

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