Somewhat Positive Media Coverage Somewhat Unlikely to Impact Dover (DOV) Stock Price

News articles about Dover (NYSE:DOV) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dover earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.704854457755 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

Several research analysts have weighed in on DOV shares. Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. SunTrust Banks reiterated a “hold” rating and set a $90.00 target price on shares of Dover in a research note on Thursday, October 12th. JPMorgan Chase & Co. upgraded Dover from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $105.00 in a research note on Wednesday, September 20th. Morgan Stanley lifted their target price on Dover from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 19th. Finally, Citigroup restated a “neutral” rating and issued a $96.00 price target (up from $90.00) on shares of Dover in a research note on Monday, October 9th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $96.50.

Dover (NYSE DOV) opened at $104.14 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Dover has a fifty-two week low of $75.51 and a fifty-two week high of $104.56. The company has a market capitalization of $16,224.07, a price-to-earnings ratio of 24.22, a PEG ratio of 1.78 and a beta of 1.29.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. Dover’s revenue was up 17.5% on a year-over-year basis. research analysts expect that Dover will post 3.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.81%. Dover’s payout ratio is presently 43.72%.

In other Dover news, VP William T. Bosway sold 6,087 shares of the company’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 owns 21,877 shares in the company, valued at approximately $2,070,876.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul Goldberg sold 2,430 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,276 shares of company stock valued at $6,234,042. Insiders own 2.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Dover (NYSE:DOV)

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