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Is this Large Market Cap Stock target price reasonable for Dover Corporation (NYSE:DOV)?

The company in question is, Dover Corporation (NYSE:DOV) currently with a stock price of 67.78 (1.71% today). The market cap for Dover Corporation is 10518.1, and is in the sector Industrial Goods, and Diversified Machinery industry. The target price for Dover Corporation is 71.53. Currently Dover Corporation is trading with a P/E of 19.6, and a forward P/E of 18.38. Average volume for Dover Corporation is 1261.88 and so far today it is 1750800.

Performance in the last year for Dover Corporation has been 16.30%. For EPS growth, Dover Corporation has seen a growth of -18.80%, and is looking to grow in the next year to 20.17%. More long term stats show that EPS growth has been 2.70% over the last five years and could be 10.00% for the next five years. Dover Corporation has seen sales growth quarter over quarter at -4.10%, with EPS growth quarter over quarter at -22.10%. The 20-day simple moving average is -5.24%, with the 200-day simple moving average coming to 3.06%.

Since the IPO date for Dover Corporation on the 7/1/1985, Dover Corporation has seen performance year to date to be 12.72%. With Dover Corporation trading at 67.78, the dividend yield is 2.60%, and the EPS is 3.46.

So could Dover Corporation, be undervalued? Well as said before P/E is 19.6. The PEG is 1.96, P/S is 1.55 and the P/B is at 2.83. The P/cash is 41.23, with P/free cash flow at 25.07.

Dover Corporation ability to deal with debt shows that the current ratio is 1.5, and the quick ratio is 0.9. This is with long term debt/equity at 0.7, and total debt/equity at 0.79.

In terms of margins, Dover Corporation has a gross margin of 37.20%, an operating margin of 12.20% and a profit margin of 8.00%.Payout ratio for Dover Corporation is 47.70%. Return on assets come to 6.20% with return on investment coming to 11.20%.

Insider ownership for Dover Corporation, is at 0.20% and institutional ownership comes to 90.00%. Outstanding shares are at 155.18. While shares float is 153.37. The float short is currently 1.78%, and short ratio is 2.17.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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