Shares of Dover Corp (NYSE:DOV) have received an average recommendation of “Hold” from the eighteen analysts that are presently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $104.42.
A number of brokerages recently weighed in on DOV. BMO Capital Markets lifted their price objective on shares of Dover from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks reiterated a “hold” rating and set a $96.00 price target on shares of Dover in a report on Monday, October 23rd. Morgan Stanley boosted their price target on shares of Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Stifel Nicolaus reiterated a “hold” rating and set a $92.00 price target on shares of Dover in a report on Tuesday, October 17th. Finally, ValuEngine cut shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other news, VP Paul Goldberg sold 2,430 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $93.50, for a total transaction of $227,205.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Gary Kennon sold 2,359 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders have sold a total of 10,876 shares of company stock valued at $1,026,090 in the last 90 days. Insiders own 2.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in Dover in the 4th quarter valued at $133,000. Benjamin F. Edwards & Company Inc. raised its position in Dover by 388.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 1,347 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Dover by 891.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 1,596 shares during the last quarter. Somerville Kurt F purchased a new stake in Dover in the 4th quarter valued at $202,000. Finally, Associated Banc Corp purchased a new stake in Dover in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 84.24% of the company’s stock.
Shares of Dover (NYSE:DOV) traded up $1.08 during mid-day trading on Friday, hitting $98.43. 407,143 shares of the company were exchanged, compared to its average volume of 1,254,559. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $15,033.21, a PE ratio of 19.10, a P/E/G ratio of 1.28 and a beta of 1.28. Dover has a 52-week low of $75.51 and a 52-week high of $109.06.
Dover (NYSE:DOV) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. Dover had a net margin of 10.37% and a return on equity of 15.24%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. equities analysts forecast that Dover will post 5.85 earnings per share for the current fiscal year.
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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