Equities research analysts expect Dover Corporation (NYSE:DOV) to report sales of $1.99 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Dover Corporation’s earnings. The lowest sales estimate is $1.98 billion and the highest is $2.02 billion. Dover Corporation posted sales of $1.71 billion during the same quarter last year, which suggests a positive year over year growth rate of 16.4%. The company is expected to issue its next quarterly earnings report on Wednesday, October 18th.

On average, analysts expect that Dover Corporation will report full-year sales of $1.99 billion for the current year, with estimates ranging from $7.73 billion to $7.86 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.17 billion per share, with estimates ranging from $7.99 billion to $8.36 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Dover Corporation.

Dover Corporation (NYSE:DOV) last posted its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.03. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Dover Corporation’s revenue was up 18.2% on a year-over-year basis.

A number of analysts have weighed in on DOV shares. Bank of America Corporation raised their target price on shares of Dover Corporation from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Seaport Global Securities restated a “buy” rating on shares of Dover Corporation in a research report on Monday, June 5th. BidaskClub upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC raised their target price on shares of Dover Corporation from $78.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Dover Corporation currently has a consensus rating of “Hold” and a consensus price target of $87.73.

Shares of Dover Corporation (NYSE:DOV) opened at 86.87 on Wednesday. The company has a market cap of $13.53 billion, a PE ratio of 21.72 and a beta of 1.27. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $87.46. The firm’s 50 day moving average is $82.53 and its 200 day moving average is $80.66.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from Dover Corporation’s previous quarterly dividend of $0.44. Dover Corporation’s dividend payout ratio (DPR) is currently 44.11%.

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In related news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the transaction, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP C. Anderson Fincher sold 15,638 shares of Dover Corporation stock in a transaction on Friday, May 12th. The stock was sold at an average price of $79.85, for a total transaction of $1,248,694.30. Following the transaction, the vice president now directly owns 32,842 shares of the company’s stock, valued at approximately $2,622,433.70. The disclosure for this sale can be found here. Insiders have sold 80,638 shares of company stock valued at $6,753,494 in the last three months. 2.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the company. Farmers National Bank increased its position in shares of Dover Corporation by 0.3% in the first quarter. Farmers National Bank now owns 2,988 shares of the industrial products company’s stock worth $220,000 after buying an additional 10 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Dover Corporation by 0.4% in the first quarter. Cleararc Capital Inc. now owns 3,799 shares of the industrial products company’s stock worth $305,000 after buying an additional 15 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Dover Corporation by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 3,323 shares of the industrial products company’s stock worth $267,000 after buying an additional 23 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of Dover Corporation by 0.7% in the second quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial products company’s stock worth $264,000 after buying an additional 23 shares in the last quarter. Finally, Patten Group Inc. increased its position in shares of Dover Corporation by 0.5% in the first quarter. Patten Group Inc. now owns 5,207 shares of the industrial products company’s stock worth $417,000 after buying an additional 25 shares in the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Dover Corporation 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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Earnings History and Estimates for Dover Corporation (NYSE:DOV)

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