Dover (NYSE:DOV) had its price objective boosted by equities research analysts at SunTrust Banks to $106.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “hold” rating on the industrial products company’s stock. SunTrust Banks’ price target would indicate a potential downside of 0.64% from the stock’s current price.
Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Citigroup reissued a “neutral” rating and set a $96.00 target price (up from $90.00) on shares of Dover in a report on Monday, October 9th. Royal Bank of Canada reissued a “hold” rating and set a $105.00 target price on shares of Dover in a report on Wednesday, January 17th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price on shares of Dover in a report on Thursday, December 14th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $99.58.
Shares of Dover (NYSE:DOV) traded down $0.37 during trading on Wednesday, reaching $106.68. The company had a trading volume of 921,615 shares, compared to its average volume of 1,055,878. Dover has a 1-year low of $75.51 and a 1-year high of $109.06. The firm has a market cap of $16,152.42, a price-to-earnings ratio of 24.87, a PEG ratio of 1.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32.
In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Insiders sold a total of 10,876 shares of company stock valued at $1,026,090 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC lifted its position in shares of Dover by 1.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 25,564 shares of the industrial products company’s stock valued at $2,051,000 after acquiring an additional 452 shares during the period. Nordea Investment Management AB lifted its position in shares of Dover by 2.8% during the 2nd quarter. Nordea Investment Management AB now owns 8,009 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 215 shares during the period. Advisor Group Inc. lifted its position in shares of Dover by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 6,258 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 1,179 shares during the period. Veritable L.P. lifted 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, Numeric Investors LLC bought a new stake in shares of Dover during the 2nd quarter valued at $594,000. Institutional investors and hedge funds own 84.66% of the company’s stock.
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.
