Royal Bank of Canada reiterated their hold rating on shares of Dover (NYSE:DOV) in a research note issued to investors on Wednesday, January 17th. Royal Bank of Canada currently has a $105.00 target price on the industrial products company’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Dover from a hold rating to a buy rating and set a $106.00 target price on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus reiterated a hold rating and set a $112.00 target price (up previously from $100.00) on shares of Dover in a research report on Tuesday, January 16th. ValuEngine cut Dover from a buy rating to a hold rating in a research report on Friday, December 1st. SunTrust Banks restated a hold rating and issued a $96.00 price target on shares of Dover in a research report on Monday, October 23rd. Finally, Citigroup restated a neutral rating and issued a $96.00 price target (up previously from $90.00) on shares of Dover in a research report on Monday, October 9th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $104.42.
Shares of Dover (DOV) traded up $1.15 during midday trading on Wednesday, reaching $97.35. The company’s stock had a trading volume of 1,772,507 shares, compared to its average volume of 1,230,000. The stock has a market cap of $15,170.00, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. Dover has a 12 month low of $75.51 and a 12 month high of $109.06.
Dover (NYSE:DOV) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. equities analysts anticipate that Dover will post 5.85 earnings per share for the current year.
In other news, SVP Stephen Gary Kennon sold 2,359 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total transaction of $222,689.60. Following the sale, the senior vice president now owns 5,192 shares of the company’s stock, valued at approximately $490,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Goldberg sold 2,430 shares of the business’s 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 have sold a total of 10,876 shares of company stock worth $1,026,090 in the last three months. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DOV. Cerebellum GP LLC purchased a new stake in Dover in the 4th quarter valued at approximately $133,000. Benjamin F. Edwards & Company Inc. lifted its stake in Dover by 388.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,347 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Dover by 891.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $179,000 after buying an additional 1,596 shares in the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in Dover in the 3rd quarter valued at approximately $201,000. Finally, NBT Bank N A NY purchased a new stake in Dover in the 3rd quarter valued at approximately $202,000. 84.45% of the stock is currently owned by hedge funds and other 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.
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