Dover Corp. Now Covered by Global Hunter Securities (DOV)
Equities researchers at Global Hunter Securities initiated coverage on shares of Dover Corp. (NYSE:DOV) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $65.00 price target on the stock. Global Hunter Securities’ price objective would suggest a potential downside of 25.30% from the company’s current price.
Shares of Dover Corp. (NYSE:DOV) traded up 1.16% on Wednesday, hitting $87.01. The stock had a trading volume of 514,728 shares. Dover Corp. has a 52 week low of $62.722 and a 52 week high of $87.39. The stock’s 50-day moving average is $85.06 and its 200-day moving average is $79.04. The company has a market cap of $14.486 billion and a P/E ratio of 15.57.
Dover Corp. (NYSE:DOV) last issued its quarterly earnings data 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.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, May 28th.
In other Dover Corp. news, VP Sivasankaran Somasundaram sold 4,000 shares of the company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through 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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