Dover Corporation (NYSE:DOV) has tumbled 0.57% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.69% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.63% and the outperformance has advanced to 7.7% for the last 4 weeks period.
Dover Corporation (NYSE:DOV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.90 and $69.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.27, notching a gain of 0.70% for the day. The total traded volume was 1,911,371 . The stock had closed at $69.78 on the previous day.
The company shares have dropped -3.16% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $72.91 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $66.93 and the 200 Day Moving Average price is recorded at $62.93.
On the companys insider trading activities, Livingston Robert, director officer (CEO and President) of Dover Corp, unloaded 5,000 shares at an average price of $76.84 on May 20, 2015. The total amount of the transaction was worth $384,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Bernstein, upgrades their rating on the shares of Dover Corporation (NYSE:DOV). Bernstein has a Outperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 2.6% of Dover Corporation shares according to the proxy statements. Institutional Investors own 87.96% of Dover Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -31.91%.
Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four business segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production, Bearings & Compression and Automation end markets, and provides solutions and services for production and processing of oil, natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms, Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.