Dover (NYSE:DOV)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a research report issued on Thursday. They currently have a $100.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 3.97% from the company’s current price.
Several other equities analysts have also issued reports on DOV. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley reissued an “overweight” rating and set a $106.00 target price (up previously from $97.00) on shares of Dover in a research note on Monday, October 2nd. SunTrust Banks reissued a “hold” rating and set a $96.00 target price on shares of Dover in a research note on Monday, October 23rd. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, October 17th. Finally, Robert W. Baird reissued a “buy” rating and set a $95.00 target price on shares of Dover in a research note on Tuesday, September 12th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $95.31.
Dover (NYSE DOV) traded down $1.01 on Thursday, reaching $96.18. The company had a trading volume of 836,200 shares, compared to its average volume of 1,212,645. Dover has a 1 year low of $74.53 and a 1 year high of $99.15. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The firm has a market cap of $15,020.00, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29.
Dover (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company earned $0.83 EPS. Dover’s revenue was up 17.5% on a year-over-year basis. research analysts anticipate that Dover will post 3.94 earnings per share for the current year.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $94.40, for a total transaction of $222,689.60. Following the sale, the senior vice president now owns 5,192 shares of the company’s stock, valued at approximately $490,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the sale, the vice president now directly owns 21,877 shares in the company, valued at approximately $2,070,876.82. The disclosure for this sale can be found here. Insiders sold a total of 65,276 shares of company stock worth $6,234,042 in the last ninety days. 2.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Dover by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after acquiring an additional 511,469 shares in the last quarter. Geneva Advisors LLC raised its position in shares of Dover by 25.3% during the 2nd quarter. Geneva Advisors LLC now owns 5,763 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 1,162 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Dover by 21.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,466 shares of the industrial products company’s stock worth $2,327,000 after acquiring an additional 4,534 shares in the last quarter. Nuance Investments LLC raised its position in shares of Dover by 9.5% during the 2nd quarter. Nuance Investments LLC now owns 38,146 shares of the industrial products company’s stock worth $3,060,000 after acquiring an additional 3,310 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Dover by 10.9% during the 2nd quarter. Principal Financial Group Inc. now owns 261,022 shares of the industrial products company’s stock worth $20,939,000 after acquiring an additional 25,734 shares in the last quarter. 84.60% of the stock is currently owned by institutional investors and hedge funds.
Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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