Dover Co. (NYSE:DOV) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $103.50.
A number of analysts recently issued reports on DOV shares. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Friday, February 2nd. BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Seaport Global Securities reissued a “hold” rating and issued a $110.00 target price on shares of Dover in a research report on Friday, February 2nd. SunTrust Banks increased their price objective on Dover to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus increased their price objective on Dover from $102.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, April 30th.
In other Dover news, SVP Patrick Burns bought 510 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $97.51 per share, with a total value of $49,730.10. Following the purchase, the senior vice president now owns 1,883 shares in the company, valued at approximately $183,611.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul Goldberg sold 3,300 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $102.00, for a total value of $336,600.00. Following the transaction, the vice president now directly owns 4,545 shares of the company’s stock, valued at $463,590. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. NewFocus Financial Group LLC raised its stake in shares of Dover by 1.4% during the 4th quarter. NewFocus Financial Group LLC now owns 39,187 shares of the industrial products company’s stock worth $3,957,000 after buying an additional 528 shares in the last quarter. Reilly Herbert Faulkner III raised its stake in shares of Dover by 1.1% during the 4th quarter. Reilly Herbert Faulkner III now owns 47,655 shares of the industrial products company’s stock worth $4,813,000 after buying an additional 529 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Dover by 4.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,707 shares of the industrial products company’s stock worth $1,384,000 after buying an additional 584 shares in the last quarter. Global Financial Private Capital LLC increased its stake in Dover by 15.8% in the 4th quarter. Global Financial Private Capital LLC now owns 4,526 shares of the industrial products company’s stock valued at $457,000 after purchasing an additional 616 shares in the last quarter. Finally, Nuance Investments LLC increased its stake in Dover by 1.6% in the 4th quarter. Nuance Investments LLC now owns 40,563 shares of the industrial products company’s stock valued at $4,096,000 after purchasing an additional 651 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Shares of Dover opened at $79.11 on Friday, according to MarketBeat.com. The stock has a market capitalization of $12.43 billion, a P/E ratio of 19.63, a PEG ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 0.95, a current ratio of 1.42 and a debt-to-equity ratio of 0.68. Dover has a 52-week low of $62.10 and a 52-week high of $88.11.
Dover (NYSE:DOV) last announced its earnings results on Friday, April 27th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.03. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Dover had a return on equity of 16.48% and a net margin of 9.71%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. research analysts forecast that Dover will post 4.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.38%. Dover’s payout ratio is 46.65%.
Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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