Dover Corp. Given New $94.00 Price Target at Barclays (DOV)
Analysts at Barclays lifted their target price on shares of Dover Corp. (NYSE:DOV) from $86.00 to $94.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price target would indicate a potential upside of 9.15% from the company’s current price.
In other Dover Corp. news, VP Sivasankaran Somasundaram sold 4,000 shares of the stock on the open market in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $86.81, for a total value of $347,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Dover Corp. (NYSE:DOV) traded up 1.23% on Monday, hitting $86.12. The stock had a trading volume of 541,223 shares. Dover Corp. has a one year low of $62.722 and a one year high of $87.39. The stock’s 50-day moving average is $84.98 and its 200-day moving average is $78.93. The company has a market cap of $14.338 billion and a price-to-earnings ratio of 15.40.
Dover Corp. (NYSE:DOV) last posted its quarterly earnings results on Thursday, April 17th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Dover Corp. will post $4.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, May 28th.
Dover Corporation (NYSE:DOV) manufactures a range of specialized products and components and also offers related services and consumables.
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