Dover (NYSE:DOV)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $100.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 2.59% from the stock’s current price.

A number of other equities analysts have also weighed in on DOV. ValuEngine lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. SunTrust Banks restated a “hold” rating and issued a $96.00 price objective on shares of Dover in a report on Monday, October 23rd. Citigroup restated a “neutral” rating and issued a $96.00 price objective (up from $90.00) on shares of Dover in a report on Monday, October 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $106.00 price objective (up from $97.00) on shares of Dover in a report on Monday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $95.31.

Dover (DOV) opened at $97.48 on Thursday. Dover has a 1-year low of $74.53 and a 1-year high of $99.15. The stock has a market cap of $14,917.00, a P/E ratio of 26.52, a PEG ratio of 1.87 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Dover (NYSE:DOV) last released its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.05. Dover had a net margin of 8.91% and a return on equity of 14.10%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. sell-side analysts predict that Dover will post 3.94 EPS for the current fiscal year.

In other news, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total transaction of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares of the company’s stock, valued at approximately $2,070,876.82. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael B. Stubbs sold 8,495 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total transaction of $818,068.50. Following the sale, the director now directly owns 275,344 shares of the company’s stock, valued at approximately $26,515,627.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,276 shares of company stock valued at $6,234,042. 2.50% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Dover by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 16,549,433 shares of the industrial products company’s stock valued at $1,327,596,000 after acquiring an additional 370,572 shares during the period. BlackRock Inc. grew its position in shares of Dover by 3.9% during the 2nd quarter. BlackRock Inc. now owns 10,314,301 shares of the industrial products company’s stock valued at $827,412,000 after acquiring an additional 389,449 shares during the period. JPMorgan Chase & Co. grew its position in shares of Dover by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company’s stock valued at $531,702,000 after acquiring an additional 848,098 shares during the period. Pzena Investment Management LLC grew its position in shares of Dover by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 5,613,811 shares of the industrial products company’s stock valued at $513,046,000 after acquiring an additional 14,504 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Dover by 2.3% during the 3rd quarter. Wells Fargo & Company MN now owns 3,205,690 shares of the industrial products company’s stock valued at $292,968,000 after acquiring an additional 73,375 shares during the period. 84.60% of the stock is owned by hedge funds and other institutional investors.

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About Dover

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 (NYSE:DOV)

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