Dover Corporation (NYSE:DOV)‘s stock had its “hold” rating reissued by equities researchers at SunTrust Banks, Inc. in a research note issued on Monday, The Fly reports. They presently have a $96.00 target price on the industrial products company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 1.11% from the stock’s previous close.

Several other research firms have also commented on DOV. Stifel Nicolaus reaffirmed a “hold” rating and set a $92.00 price target on shares of Dover Corporation in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, October 17th. Citigroup Inc. reaffirmed a “neutral” rating and set a $96.00 price target (up previously from $90.00) on shares of Dover Corporation in a research report on Monday, October 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price target (up previously from $97.00) on shares of Dover Corporation in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co raised shares of Dover Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the company from $80.00 to $105.00 in a research report on Wednesday, September 20th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $94.69.

Dover Corporation (NYSE:DOV) traded up 0.98% during trading on Monday, hitting $95.88. 887,040 shares of the stock traded hands. The firm has a 50-day moving average price of $91.26 and a 200 day moving average price of $84.48. The company has a market cap of $14.93 billion, a P/E ratio of 23.97 and a beta of 1.27. Dover Corporation has a 52-week low of $65.50 and a 52-week high of $95.99.

Dover Corporation (NYSE:DOV) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover Corporation had a net margin of 8.91% and a return on equity of 14.40%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Dover Corporation will post $4.29 EPS for the current year.

TRADEMARK VIOLATION WARNING: “SunTrust Banks, Inc. Reaffirms “Hold” Rating for Dover Corporation (DOV)” was reported by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/23/suntrust-banks-inc-reaffirms-hold-rating-for-dover-corporation-dov.html.

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

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Dover Corporation by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock worth $1,327,596,000 after purchasing an additional 370,572 shares during the period. BlackRock Inc. boosted its stake in Dover Corporation by 3.9% in the 2nd quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock worth $827,412,000 after purchasing an additional 389,449 shares during the period. Bank of America Corp DE boosted its stake in Dover Corporation by 9.4% in the 1st quarter. Bank of America Corp DE now owns 6,446,209 shares of the industrial products company’s stock worth $517,953,000 after purchasing an additional 553,136 shares during the period. Pzena Investment Management LLC boosted its stake in Dover Corporation by 0.3% in the 2nd quarter. Pzena Investment Management LLC now owns 5,599,307 shares of the industrial products company’s stock worth $449,176,000 after purchasing an additional 17,738 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Dover Corporation by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after purchasing an additional 511,469 shares during the period. Institutional investors and hedge funds own 86.01% of the company’s stock.

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.

The Fly

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.