Dover Corporation (NYSE:DOV)‘s stock had its “buy” rating reiterated by analysts at BMO Capital Markets in a research report issued to clients and investors on Sunday. They presently have a $94.00 target price on the industrial products company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 10.24% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Tuesday, July 18th. Robert W. Baird set a $91.00 target price on shares of Dover Corporation and gave the company a “buy” rating in a research note on Thursday. BidaskClub cut shares of Dover Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dover Corporation in a research note on Wednesday, June 7th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Dover Corporation in a research note on Monday, June 5th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $89.00.

Dover Corporation (NYSE DOV) opened at 85.27 on Friday. The company has a 50 day moving average price of $84.57 and a 200-day moving average price of $81.34. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.32 and a beta of 1.27. Dover Corporation has a 1-year low of $65.50 and a 1-year high of $87.63.

Dover Corporation (NYSE:DOV) last posted its quarterly earnings results on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, analysts forecast that Dover Corporation will post $4.31 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Dover Corporation (DOV) Receives “Buy” Rating from BMO Capital Markets” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/27/dover-corporation-dov-receives-buy-rating-from-bmo-capital-markets.html.

In other news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $87.04, for a total value of $2,176,000.00. Following the transaction, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. First Bank & Trust raised its position in Dover Corporation by 15.5% in the first quarter. First Bank & Trust now owns 1,326 shares of the industrial products company’s stock worth $106,000 after buying an additional 178 shares in the last quarter. IFP Advisors Inc raised its position in Dover Corporation by 15.1% in the second quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after buying an additional 227 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Dover Corporation by 5,446.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares in the last quarter. Penserra Capital Management LLC raised its position in Dover Corporation by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,978 shares of the industrial products company’s stock worth $158,000 after buying an additional 172 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in Dover Corporation by 16.8% in the first quarter. First Mercantile Trust Co. now owns 2,114 shares of the industrial products company’s stock worth $170,000 after buying an additional 304 shares in the last quarter. 85.73% of the stock is currently owned by institutional investors.

About Dover Corporation

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.

Analyst Recommendations for Dover Corporation (NYSE:DOV)

Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with MarketBeat.com's FREE daily email newsletter.