Dover Corporation (NYSE:DOV)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a note issued to investors on Tuesday. They presently have a $92.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 1.68% from the stock’s current price.

DOV has been the subject of a number of other research reports. Robert W. Baird set a $91.00 target price on Dover Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and set a $94.00 target price on shares of Dover Corporation in a report on Sunday, August 27th. Zacks Investment Research upgraded 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. Citigroup Inc. boosted their target price on Dover Corporation from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $90.00 target price on shares of Dover Corporation in a report on Thursday, October 12th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $94.23.

Shares of Dover Corporation (NYSE:DOV) opened at 93.57 on Tuesday. The stock’s 50 day moving average is $90.84 and its 200 day moving average is $84.34. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $95.14. The firm has a market cap of $14.57 billion, a PE ratio of 23.39 and a beta of 1.27.

Dover Corporation (NYSE:DOV) last issued its earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts anticipate that Dover Corporation will post $4.29 earnings per share for the current fiscal year.

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In other Dover Corporation news, Director Michael B. Stubbs sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $87.04, for a total value of $2,176,000.00. Following the transaction, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $23,965,941.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DOV. OppenheimerFunds Inc. raised its position in shares of Dover Corporation by 5.4% in the 1st quarter. OppenheimerFunds Inc. now owns 10,914 shares of the industrial products company’s stock valued at $877,000 after purchasing an additional 559 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Dover Corporation by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 235,288 shares of the industrial products company’s stock valued at $18,906,000 after purchasing an additional 3,724 shares in the last quarter. FMR LLC raised its position in shares of Dover Corporation by 9.1% in the 1st quarter. FMR LLC now owns 131,857 shares of the industrial products company’s stock valued at $10,594,000 after purchasing an additional 11,032 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Dover Corporation by 1.5% in the 1st quarter. Teachers Advisors LLC now owns 567,025 shares of the industrial products company’s stock valued at $45,560,000 after purchasing an additional 8,618 shares in the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Dover Corporation by 10.9% in the 1st quarter. Ngam Advisors L.P. now owns 14,929 shares of the industrial products company’s stock valued at $1,199,000 after purchasing an additional 1,467 shares in the last quarter. 86.01% of the stock is currently owned by institutional investors.

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)

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