Shares of Dover Corporation (NYSE:DOV) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $88.55.
DOV has been the subject of several research analyst reports. BidaskClub raised shares of Dover Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Bank of America Corporation raised their target price on shares of Dover Corporation from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Seaport Global Securities restated a “buy” rating on shares of Dover Corporation in a report on Monday, June 5th. Zacks Investment Research upgraded shares of Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Tuesday, July 18th. Finally, Robert W. Baird set a $91.00 target price on shares of Dover Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th.
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In other Dover Corporation news, Director Michael B. Stubbs sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 275,344 shares of the company’s stock, valued at $23,965,941.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DOV. IFP Advisors Inc boosted its position in shares of Dover Corporation by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,728 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 227 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Dover Corporation by 5,446.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock worth $143,000 after buying an additional 1,743 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Dover Corporation by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,978 shares of the industrial products company’s stock worth $158,000 after buying an additional 172 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Dover Corporation by 10.1% during the 2nd quarter. First Mercantile Trust Co. now owns 2,327 shares of the industrial products company’s stock worth $187,000 after buying an additional 213 shares during the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of Dover Corporation during the 1st quarter worth $200,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
Dover Corporation (DOV) traded down 0.35% on Tuesday, reaching $87.63. 1,263,642 shares of the company were exchanged. The firm has a market capitalization of $13.65 billion, a P/E ratio of 21.91 and a beta of 1.26. Dover Corporation has a 12-month low of $65.50 and a 12-month high of $89.46. The firm has a 50-day moving average of $85.00 and a 200 day moving average of $81.75.
Dover Corporation (NYSE:DOV) last announced its quarterly earnings data on Thursday, July 20th. The industrial products company reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. On average, equities analysts predict that Dover Corporation will post $4.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.47 dividend. This is a boost from Dover Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.88 annualized dividend and a yield of 2.14%. Dover Corporation’s dividend payout ratio (DPR) is 47.12%.
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.
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