Category Archives: Dover

Gould’s 10-Year Targets for Dover Corp.

Below are the valuation targets for Dover Corp. (DOV) for the next 10 years. Continue reading

Review: Dover Corp.

On September 10, 2015, we posted on the prospects for Dover Corp (DOV).  The following is our review on that posting.  We’ll review where Dover is on Edson Gould’s Altimeter and Dow Theory indications of potential upside and downside risks.

Dover Corp.: Review

On September 10, 2015, we posted an article which reviewed the fundamentals of Dover Corp. (DOV).  Our conclusion on the stock was as follows:

“Considering that there are only two remaining downside targets, the downside risks are “contained” for the most part.  At most, we think that the next downside target is at the ascending $38.51 level.  A two stage purchase plan should be entered into at the below the ascending $46.87 and  $38.51 levels ($56 and $44, respectively).”

Since September 2015, the following is the updated Dow Theory chart that was referenced in the above quote:

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What should stand out is the fact that once DOV declined below the ascending $46.87 downside target, losses have been contained. Subsequently, Dover has risen to the current price of $70.97.  Our best guess is that DOV is facing resistance at the ascending $59.40 line (approx. $80).

As best we can tell, the use of Dow Theory could be coincidental to what ultimately happens to the stock.  However, depending on the quality of the stock (ideally blue chip stocks), Dow Theory is an appropriate tool for consideration of downside risk.

Quick Take: Dover Corp.

According to Yahoo!Finance, “Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets.”

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The price of Dover Corp. (DOV) has declined by –32.46% since the early July 2014 peak.  Looking at the stock, it appears that the downward spiral is locked in.  The following are some thoughts about the stock.

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