Dover Corp. Declares Quarterly Dividend of $0.38 (DOV)
Dover Corp. (NYSE:DOV) announced a quarterly dividend on Tuesday, May 6th, American Banking News reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.375 per share on Monday, June 16th. This represents a $1.50 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, May 28th.
A number of analysts have recently weighed in on DOV shares. Analysts at Zacks reiterated a “neutral” rating on shares of Dover Corp. in a research note on Monday, April 21st. They now have a $90.00 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Dover Corp. from $86.00 to $92.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Dover Corp. from $92.00 to $95.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.77.
Dover Corp. (NYSE:DOV) traded up 0.34% on Monday, hitting $86.70. The stock had a trading volume of 769,624 shares. Dover Corp. has a 1-year low of $62.722 and a 1-year high of $87.39. The stock’s 50-day moving average is $84.79 and its 200-day moving average is $78.81. The company has a market cap of $14.435 billion and a price-to-earnings ratio of 15.65.
Dover Corp. (NYSE:DOV) last announced its earnings results on Thursday, April 17th. The company reported $1.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.03 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Dover Corp. will post $4.81 earnings per share for the current fiscal year.
In other Dover Corp. news, VP Sivasankaran Somasundaram sold 4,000 shares of Dover Corp. stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $86.81, for a total transaction of $347,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Dover Corporation (NYSE:DOV) manufactures a range of specialized products and components and also offers related services and consumables.
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