Stock News Summary: Dover Corporation (DOV)

 Dover Corporation (DOV) changed 0.46% to recent value of $79.18. The stock transacted 1140050 shares during most recent day however it has an average volume of 1414.11K shares. It spotted trading -12.28% off 52-week high price. On the other end, the stock has been noted 20.28% away from the low price over the last 52-weeks.

Dover (NYSE: DOV) announced that it has completed the previously announced acquisition of the Belanger, Inc. business (“Belanger”), which will become part of OPW, a business unit within Dover’s Fluids segment.

Belanger is a leading manufacturer of vehicle wash equipment and systems.  Valued by customers for its innovative designs and the durability, reliability and user-friendly functionality of its equipment, Belanger has served the industry for nearly 50 years.

Dover is a diversified global manufacturer with annual revenues of approximately $7 billion.  We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through three operating segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve.  Recognized for our entrepreneurial approach for over 60 years, our team of over 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible.

 DOV has a gross margin of 37.10% and an operating margin of 13.00% while its profit margin remained 10.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 48.40% for this year while earning per share for the next 5-years is expected to reach at 13.66%.

 The company has 143.38M of outstanding shares and 142.56M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.07% from the mean of 20 days, 0.58% from mean of 50 days SMA and performed -1.01% from mean of 200 days price. Company’s performance for the week was 1.87%, 14.77% for month and YTD performance remained 11.60%.

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