Dover Corporation (NYSE:DOV) has been assigned an average recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $93.82.
A number of equities research analysts recently issued reports on DOV shares. Morgan Stanley raised their price target on Dover Corporation from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 19th. J P Morgan Chase & Co raised Dover Corporation from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $105.00 in a research note on Wednesday, September 20th. Robert W. Baird reissued a “buy” rating and set a $95.00 price target on shares of Dover Corporation in a research note on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “hold” rating and set a $90.00 price target on shares of Dover Corporation in a research note on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $90.00 price target (up from $89.00) on shares of Dover Corporation in a research note on Thursday, July 6th.
Dover Corporation (DOV) traded up 0.27% during trading on Friday, hitting $94.07. The stock had a trading volume of 598,058 shares. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 23.52 and a beta of 1.27. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $94.50. The stock has a 50 day moving average price of $89.72 and a 200-day moving average price of $83.89.
Dover Corporation (NYSE:DOV) last issued its quarterly 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 firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.76 EPS. Dover Corporation’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Dover Corporation will post $4.29 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from Dover Corporation’s previous quarterly dividend of $0.44. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.00%. Dover Corporation’s dividend payout ratio (DPR) is currently 47.12%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2956192/analysts-set-dover-corporation-dov-target-price-at-92-09.html.
In other news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction 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 in the company, valued at approximately $23,965,941.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Frontier Investment Mgmt Co. increased its holdings in shares of Dover Corporation by 0.7% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 123,304 shares of the industrial products company’s stock valued at $9,891,000 after acquiring an additional 881 shares during the period. Achmea Investment Management B.V. purchased a new position in shares of Dover Corporation in the 2nd quarter valued at $278,000. Sentry Investment Management LLC increased its holdings in shares of Dover Corporation by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 10,900 shares of the industrial products company’s stock valued at $874,000 after acquiring an additional 117 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Dover Corporation by 2.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 123,325 shares of the industrial products company’s stock valued at $9,893,000 after acquiring an additional 2,420 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Dover Corporation in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 86.01% of the company’s stock.
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.
Receive News & Ratings for Dover Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation and related companies with MarketBeat.com's FREE daily email newsletter.