Dover (NYSE:DOV) had its price objective raised by investment analysts at Royal Bank of Canada to $97.00 in a research report issued on Wednesday, The Fly reports. The firm currently has a “sector perform” rating on the industrial products company’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 0.49% from the company’s current price.

DOV has been the subject of a number of other reports. Citigroup boosted their price objective on Dover from $113.00 to $114.00 and gave the stock a “buy” rating in a research report on Monday. ValuEngine cut shares of Dover from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Dover from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays boosted their price target on shares of Dover from $111.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $99.53.

NYSE DOV traded up $0.43 during trading on Wednesday, hitting $97.48. The stock had a trading volume of 15,203 shares, compared to its average volume of 779,199. The company has a quick ratio of 0.91, a current ratio of 1.34 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14.09 billion, a PE ratio of 19.61, a PEG ratio of 1.42 and a beta of 1.49. The firm has a 50 day moving average price of $92.97 and a 200 day moving average price of $94.76. Dover has a twelve month low of $65.83 and a twelve month high of $103.47.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 18th. The industrial products company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.01. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. Dover had a net margin of 8.50% and a return on equity of 29.22%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. On average, sell-side analysts anticipate that Dover will post 5.84 earnings per share for the current year.

In related news, VP William Spurgeon sold 20,049 shares of Dover stock in a transaction on Friday, July 26th. The shares were sold at an average price of $98.42, for a total transaction of $1,973,222.58. Following the sale, the vice president now directly owns 5,296 shares in the company, valued at approximately $521,232.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brad M. Cerepak sold 9,918 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $90.93, for a total transaction of $901,843.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,383 shares of company stock worth $4,385,834. Company insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOV. Geode Capital Management LLC increased its holdings in shares of Dover by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 1,908,781 shares of the industrial products company’s stock valued at $135,190,000 after acquiring an additional 122,881 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Dover by 55.5% in the first quarter. Janus Henderson Group PLC now owns 67,890 shares of the industrial products company’s stock valued at $6,368,000 after buying an additional 24,219 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Dover by 141.1% in the first quarter. Cornerstone Advisors Inc. now owns 1,232 shares of the industrial products company’s stock valued at $116,000 after buying an additional 721 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Dover during the first quarter worth about $213,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Dover during the first quarter worth about $271,000. 86.03% of the stock is currently owned by institutional investors.

About Dover

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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