Dover (NYSE:DOV) had its price target lifted by research analysts at BMO Capital Markets from $116.00 to $118.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the industrial products company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 12.02% from the stock’s current price.
DOV has been the subject of several other research reports. SunTrust Banks boosted their price objective on shares of Dover to $106.00 and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Dover from a “hold” rating to a “buy” rating and set a $116.00 target price on the stock in a research report on Friday, January 19th. Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price on shares of Dover in a research report on Thursday, December 14th. Royal Bank of Canada reissued a “hold” rating and set a $100.00 target price on shares of Dover in a research report on Thursday, January 4th. Finally, Morgan Stanley boosted their target price on shares of Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $102.17.
Dover (DOV) traded down $0.87 during midday trading on Thursday, hitting $105.34. 2,066,024 shares of the company traded hands, compared to its average volume of 1,180,756. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.40. The company has a market cap of $16,410.00, a price-to-earnings ratio of 20.45, a PEG ratio of 1.76 and a beta of 1.29. Dover has a 1 year low of $75.51 and a 1 year high of $109.06.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $94.40, for a total value of $222,689.60. Following the sale, the senior vice president now directly owns 5,192 shares of the company’s stock, valued at approximately $490,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were 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 in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,876 shares of company stock worth $1,026,090. 2.50% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Dover by 11.1% in the 4th quarter. Victory Capital Management Inc. now owns 28,284 shares of the industrial products company’s stock valued at $2,856,000 after acquiring an additional 2,818 shares during the last quarter. Ifrah Financial Services Inc. boosted its holdings in shares of Dover by 61.4% in the 4th quarter. Ifrah Financial Services Inc. now owns 6,409 shares of the industrial products company’s stock valued at $647,000 after acquiring an additional 2,437 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Dover by 7.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,007 shares of the industrial products company’s stock valued at $14,644,000 after acquiring an additional 10,230 shares during the last quarter. LMR Partners LLP boosted its holdings in shares of Dover by 108.3% in the 4th quarter. LMR Partners LLP now owns 11,559 shares of the industrial products company’s stock valued at $1,167,000 after acquiring an additional 6,011 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its holdings in shares of Dover by 39.4% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 208,655 shares of the industrial products company’s stock valued at $21,072,000 after acquiring an additional 59,015 shares during the last quarter. 84.66% of the stock is currently 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.
