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Here's Why Dover Corporation (DOV) is a Strong Value Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Dover Corporation (DOV)

Incorporated in 1955, New York-based Dover Corporation is an industrial conglomerate producing a wide range of specialized industrial products and manufacturing equipment.

DOV sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Manufacturing - General Industrial industry's P/E of 19.5X, shares of Dover Corporation are trading at a forward P/E of 15.7X. DOV also has a PEG Ratio of 1.1, a Price/Cash Flow ratio of 13X, and a Price/Sales ratio of 2.3X.

A company's earnings performance is important for value investors as well. For fiscal 2023, seven analysts revised their earnings estimate higher in the last 60 days for DOV, while the Zacks Consensus Estimate has increased $0.18 to $9.00 per share. DOV also holds an average earnings surprise of 2.3%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding DOV to their portfolios.

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Dover Corporation (DOV) : Free Stock Analysis Report

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Zacks Investment Research

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