Dover Corp (DOV) Given Average Rating of “Hold” by Analysts

Shares of Dover Corp (NYSE:DOV) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $104.42.

A number of analysts have recently issued reports on the company. Seaport Global Securities restated a “hold” rating and set a $110.00 price objective on shares of Dover in a research report on Friday, February 2nd. SunTrust Banks boosted their price objective on Dover to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Dover from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Friday, February 2nd. BMO Capital Markets boosted their price objective on Dover from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, UBS Group assumed coverage on Dover in a research report on Monday, January 22nd. They set a “neutral” rating on the stock.

Dover (NYSE:DOV) traded up $0.79 on Friday, hitting $96.99. The stock had a trading volume of 519,026 shares, compared to its average volume of 1,233,065. The company has a market capitalization of $15,566.65, a PE ratio of 18.77, a PEG ratio of 1.31 and a beta of 1.28. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Dover has a 1-year low of $75.51 and a 1-year high of $109.06.

Dover (NYSE:DOV) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. Dover’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. analysts anticipate that Dover will post 5.85 earnings per share for the current year.

In other Dover news, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the transaction, the vice president now owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul Goldberg sold 2,430 shares of the business’s stock in a transaction 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 10,876 shares of company stock worth $1,026,090 over the last quarter. Company insiders own 2.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC boosted its stake in Dover by 1.1% in the second quarter. Sentry Investment Management LLC now owns 10,900 shares of the industrial products company’s stock worth $874,000 after purchasing an additional 117 shares in the last quarter. NewFocus Financial Group LLC boosted its stake in Dover by 1.4% in the fourth quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock worth $3,957,000 after purchasing an additional 528 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Dover by 5.3% in the third quarter. Commonwealth Equity Services Inc now owns 11,590 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 582 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Dover by 4.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock worth $1,384,000 after purchasing an additional 584 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Dover by 18.2% in the second quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 600 shares in the last quarter. 84.45% of the stock is currently owned by institutional investors.

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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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