Dover (DOV) Stock Rating Reaffirmed by Stifel Nicolaus

Dover (NYSE:DOV)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $100.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 3.97% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird set a $91.00 price objective on shares of Dover and gave the stock a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets restated a “buy” rating and issued a $94.00 price objective on shares of Dover in a report on Sunday, August 27th. Royal Bank of Canada restated a “hold” rating and issued a $91.00 price objective on shares of Dover in a report on Wednesday, September 6th. Seaport Global Securities restated a “neutral” rating on shares of Dover in a report on Wednesday, September 13th. Finally, Morgan Stanley boosted their price objective on shares of Dover from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Tuesday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $95.31.

Dover (NYSE:DOV) traded down $1.01 during mid-day trading on Thursday, hitting $96.18. 836,200 shares of the stock traded hands, compared to its average volume of 1,212,645. Dover has a 1 year low of $74.53 and a 1 year high of $99.15. The stock has a market capitalization of $15,020.00, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.70.

Dover (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover had a net margin of 8.91% and a return on equity of 14.10%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. analysts forecast that Dover will post 3.94 earnings per share for the current year.

In other Dover news, Director Michael B. Stubbs sold 8,495 shares of Dover stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total value of $818,068.50. Following the completion of the sale, the director now owns 275,344 shares of the company’s stock, valued at approximately $26,515,627.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP William T. Bosway sold 6,087 shares of Dover stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total transaction of $576,195.42. Following the completion of the sale, the vice president now directly owns 21,877 shares of the company’s stock, valued at approximately $2,070,876.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,276 shares of company stock valued at $6,234,042. 2.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Citizens Financial Group Inc RI grew its position in Dover by 0.3% in the 2nd quarter. Citizens Financial Group Inc RI now owns 4,555 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 15 shares during the period. Flinton Capital Management LLC grew its position in shares of Dover by 0.4% during the 2nd quarter. Flinton Capital Management LLC now owns 6,608 shares of the industrial products company’s stock valued at $530,000 after acquiring an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Dover by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,565 shares of the industrial products company’s stock valued at $928,000 after acquiring an additional 30 shares during the period. Veritable L.P. grew its position in shares of Dover by 1.1% during the 2nd quarter. Veritable L.P. now owns 4,044 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 43 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Dover by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 7,190 shares of the industrial products company’s stock valued at $576,000 after acquiring an additional 48 shares during the period. 84.60% of the stock is owned by institutional investors and hedge funds.

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Dover 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.

Analyst Recommendations for Dover (NYSE:DOV)

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