Dover Corporation’s (DOV) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Dover Corporation (NYSE:DOV) in a report issued on Tuesday morning. The firm currently has a $92.00 target price on the industrial products company’s stock.

A number of other analysts have also issued reports on the company. BidaskClub lowered Dover Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a hold rating and issued a $91.00 target price on shares of Dover Corporation in a research report on Wednesday, September 6th. J P Morgan Chase & Co raised Dover Corporation from a neutral rating to an overweight rating and boosted their target price for the company from $80.00 to $105.00 in a research report on Wednesday, September 20th. Zacks Investment Research raised Dover Corporation from a hold rating to a buy rating and set a $95.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Robert W. Baird set a $91.00 target price on Dover Corporation and gave the company a buy rating in a research report on Thursday, August 24th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $94.23.

Dover Corporation (NYSE DOV) opened at 94.05 on Tuesday. The company has a 50-day moving average price of $90.16 and a 200 day moving average price of $84.07. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $95.14. The company has a market cap of $14.65 billion, a PE ratio of 23.51 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts forecast that Dover Corporation will post $4.29 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/18/dover-corporations-dov-hold-rating-reaffirmed-at-stifel-nicolaus.html.

In related news, Director Michael B. Stubbs sold 25,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the transaction, the director now owns 275,344 shares in the company, valued at $23,965,941.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Farmers National Bank grew its stake in shares of Dover Corporation by 0.3% during the first quarter. Farmers National Bank now owns 2,988 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 10 shares in the last quarter. Cleararc Capital Inc. grew its stake in shares of Dover Corporation by 0.4% during the first quarter. Cleararc Capital Inc. now owns 3,799 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 15 shares in the last quarter. Citizens Financial Group Inc RI grew its stake in shares of Dover Corporation by 0.3% during the second 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 in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Dover Corporation by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 3,323 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 23 shares in the last quarter. Finally, FineMark National Bank & Trust grew its stake in shares of Dover Corporation by 0.7% during the second quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial pro

A number of other analysts have also issued reports on the company. BidaskClub lowered Dover Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a hold rating and issued a $91.00 target price on shares of Dover Corporation in a research report on Wednesday, September 6th. J P Morgan Chase & Co raised Dover Corporation from a neutral rating to an overweight rating and boosted their target price for the company from $80.00 to $105.00 in a research report on Wednesday, September 20th. Zacks Investment Research raised Dover Corporation from a hold rating to a buy rating and set a $95.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Robert W. Baird set a $91.00 target price on Dover Corporation and gave the company a buy rating in a research report on Thursday, August 24th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $94.23.

Dover Corporation (NYSE DOV) opened at 94.05 on Tuesday. The company has a 50-day moving average price of $90.16 and a 200 day moving average price of $84.07. Dover Corporation has a 52 week low of $65.50 and a 52 week high of $95.14. The company has a market cap of $14.65 billion, a PE ratio of 23.51 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last announced its earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. On average, equities research analysts forecast that Dover Corporation will post $4.29 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/18/dover-corporations-dov-hold-rating-reaffirmed-at-stifel-nicolaus.html.

In related news, Director Michael B. Stubbs sold 25,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Following the completion of the transaction, the director now owns 275,344 shares in the company, valued at $23,965,941.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Farmers National Bank grew its stake in shares of Dover Corporation by 0.3% during the first quarter. Farmers National Bank now owns 2,988 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 10 shares in the last quarter. Cleararc Capital Inc. grew its stake in shares of Dover Corporation by 0.4% during the first quarter. Cleararc Capital Inc. now owns 3,799 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 15 shares in the last quarter. Citizens Financial Group Inc RI grew its stake in shares of Dover Corporation by 0.3% during the second 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 in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Dover Corporation by 0.7% during the second quarter. Contravisory Investment Management Inc. now owns 3,323 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 23 shares in the last quarter. Finally, FineMark National Bank & Trust grew its stake in shares of Dover Corporation by 0.7% during the second quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

Dover Corporation 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 Corporation (NYSE:DOV)

Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply