Dover Corporation Is Not A Buy At Its New High

Aleksandr Golubev/iStock via Getty Images Dover Corp (NYSE:DOV) hit a new annual high Monday. Not only are investors being irrational when valuing DOV, they are irrational in valuing much of the equity market. Most of the DOV metrics indicate the stock is not a buy at the latest price - the dividend yield is only 1.2%, the forward P/E is 18.7x, and it has a negative tangible book value. In addition, the CFO continues to sell stock. Data by YCharts "Old School" Metrics Dividends I want to start with Dove ...