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Dover Corp. (NYSE:DOV)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Thursday. They currently have a $73.00 target price on the stock. Zacks‘s target price would suggest a potential downside of 16.10% from the company’s current price.

Zacks’ analyst wrote, “Dover’s first-quarter 2013 adjusted earnings were $1.10 per share, up 9% year over year. Total revenue improved 4% year over year to $2.04 billion, driven by acquisitions benefit of 6%, offset by organic decline of 1% as well as a minor impact from foreign exchange. Dover will continue to benefit from its active acquisition pipeline, bookings and backlog growth, growth in the cell phone market. However, results at the Printing and Identification segment will continue to be affected given its exposure to the volatile semiconductor market and a lower North American rig count will constrain growth in the Energy segment. We reiterate our Neutral recommendation on Dover Corporation with a target price of $73.”

In other Dover Corp. news, VP Sivasankaran Somasundaram sold 4,000 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Dover Corp. (NYSE:DOV) traded up 1.16% during mid-day trading on Thursday, 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 price-to-earnings ratio of 15.57.

Dover Corp. (NYSE:DOV) last released its earnings data 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 1.72%. 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.

To view Zacks’ full report, visit Zacks’ official website.

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