Media headlines about Dover Corp (NYSE:DOV) have been trending somewhat positive on Friday, Alpha One reports. The research group, a unit of Accern, scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Dover Corp earned a news sentiment score of 0.18 on Alpha One’s scale. Alpha One also assigned news coverage about the industrial products company an impact score of 80 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected AlphaOne Sentiment’s analysis:
- Edited Transcript of DOV earnings conference call or presentation 20-Apr-17 2:00pm GMT (finance.yahoo.com)
- Dover Corp. :DOV-US: Earnings Analysis: Q1, 2017 By the Numbers : April 21, 2017 (finance.yahoo.com)
- Dover Corp. (DOV) Tops Q1 EPS by 9c, Raises FY EPS Guidance (streetinsider.com)
- Dover Corp 2017 Q1 – Results – Earnings Call Slides (seekingalpha.com)
- Dover (DOV) Beats on Q1 Earnings & Sales, Ups ’17 Outlook (zacks.com)
A number of analysts recently weighed in on DOV shares. Royal Bank of Canada reissued a “hold” rating and issued a $71.00 price objective on shares of Dover Corp in a research report on Thursday, January 5th. Vertical Research raised shares of Dover Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. Citigroup Inc increased their price objective on shares of Dover Corp from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 11th. Stifel Nicolaus increased their price objective on shares of Dover Corp from $76.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, January 27th. Finally, BMO Capital Markets started coverage on shares of Dover Corp in a research report on Wednesday, February 22nd. They issued a “market perform” rating and a $82.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $83.50.
Dover Corp (NYSE:DOV) traded down 0.49% during trading on Friday, hitting $79.32. 2,120,926 shares of the stock were exchanged. The stock has a market cap of $12.33 billion, a P/E ratio of 24.41 and a beta of 1.18. The stock’s 50 day moving average price is $79.33 and its 200 day moving average price is $75.67. Dover Corp has a 12 month low of $62.89 and a 12 month high of $82.56.
Dover Corp (NYSE:DOV) last issued its earnings results on Thursday, April 20th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.48. Dover Corp had a net margin of 7.49% and a return on equity of 12.35%. The business earned $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts forecast that Dover Corp will post $3.61 EPS for the current fiscal year.
In related news, Director Michael B. Stubbs sold 20,000 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $80.30, for a total value of $1,606,000.00. Following the completion of the sale, the director now owns 277,194 shares in the company, valued at approximately $22,258,678.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sandra A. Arkell sold 1,850 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $79.94, for a total transaction of $147,889.00. Following the completion of the sale, the vice president now owns 10,742 shares of the company’s stock, valued at approximately $858,715.48. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Dover Corp 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.
Receive News & Ratings for Dover Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corp and related companies with MarketBeat.com's FREE daily email newsletter.