Dover Corp (NYSE:DOV) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $98.30.

DOV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Dover from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $105.00 in a research report on Wednesday, September 20th. SunTrust Banks reiterated a “hold” rating and issued a $90.00 target price on shares of Dover in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $112.00 target price (up previously from $100.00) on shares of Dover in a research report on Tuesday. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, ValuEngine cut Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

In related news, SVP Stephen Gary Kennon sold 2,359 shares of the company’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 value of $222,689.60. Following the sale, the senior vice president now directly owns 5,192 shares in the company, valued at $490,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,276 shares of company stock worth $6,234,042. Company insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Dover by 388.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 1,347 shares during the last quarter. Cape Cod Five Cents Savings Bank bought a new stake in Dover in the third quarter valued at approximately $201,000. NBT Bank N A NY bought a new stake in Dover in the third quarter valued at approximately $202,000. South State Corp acquired a new position in Dover in the third quarter valued at approximately $208,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in Dover in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Dover (DOV) traded down $0.35 during trading on Monday, reaching $103.99. The company’s stock had a trading volume of 550,774 shares, compared to its average volume of 816,892. Dover has a 1 year low of $75.51 and a 1 year high of $104.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.32. The company has a market capitalization of $16,102.57, a PE ratio of 24.18, a PEG ratio of 1.77 and a beta of 1.29.

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 Zacks’ consensus estimate of $1.11 by $0.05. Dover had a return on equity of 14.10% and a net margin of 8.91%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. research analysts forecast that Dover will post 3.94 earnings per share for the current year.

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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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