Dover (NYSE:DOV)‘s stock had its “hold” rating restated by analysts at Royal Bank of Canada in a report issued on Wednesday. They presently have a $105.00 target price on the industrial products company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 1.59% from the company’s previous close.

Several other analysts also recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $112.00 price objective (up previously from $100.00) on shares of Dover in a report on Tuesday. ValuEngine downgraded Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. SunTrust Banks reiterated a “hold” rating and issued a $96.00 target price on shares of Dover in a report on Monday, October 23rd. Finally, Citigroup reiterated a “neutral” rating and issued a $96.00 target price (up previously from $90.00) on shares of Dover in a report on Monday, October 9th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Dover presently has an average rating of “Hold” and an average target price of $97.92.

Dover (DOV) traded down $0.78 during midday trading on Wednesday, reaching $103.36. The company’s stock had a trading volume of 806,100 shares, compared to its average volume of 842,070. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The firm has a market cap of $16,224.09, a P/E ratio of 24.04, a PEG ratio of 1.78 and a beta of 1.29. Dover has a 12-month low of $75.51 and a 12-month high of $104.91.

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

In related news, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the transaction, the director now owns 275,344 shares in the company, valued at $26,342,160.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul Goldberg sold 2,430 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. Insiders sold a total of 65,276 shares of company stock worth $6,234,042 in the last quarter. 2.50% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Dover by 2.3% in the second quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock worth $1,327,596,000 after buying an additional 370,572 shares during the last quarter. BlackRock Inc. increased its holdings in Dover by 3.9% in the second quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock worth $827,412,000 after buying an additional 389,449 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Dover by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock worth $531,702,000 after buying an additional 848,098 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Dover by 0.3% in the third quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock worth $513,046,000 after buying an additional 14,504 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Dover by 2.3% in the third quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock worth $292,968,000 after buying an additional 73,375 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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About Dover

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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