Wall Street analysts forecast that Dover Corporation (NYSE:DOV) will post $1.04 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Dover’s earnings. The lowest EPS estimate is $1.02 and the highest is $1.06. Dover reported earnings of $0.71 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 46.5%. The business is scheduled to report its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Dover will report full-year earnings of $4.31 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $4.33. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.50 per share, with EPS estimates ranging from $4.35 to $4.68. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Dover.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $0.83 EPS. Dover’s revenue for the quarter was up 17.5% compared to the same quarter last year.

DOV has been the topic of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $91.00 price objective on shares of Dover in a report on Wednesday, September 6th. SunTrust Banks, Inc. reissued a “hold” rating and set a $90.00 price objective on shares of Dover in a report on Thursday, October 12th. J P Morgan Chase & Co raised Dover from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $105.00 in a research note on Wednesday, September 20th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Dover in a research note on Wednesday, September 13th. Finally, Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dover presently has a consensus rating of “Hold” and an average target price of $94.69.

Shares of Dover (DOV) traded down $0.15 during trading hours on Monday, hitting $94.40. The stock had a trading volume of 352,518 shares, compared to its average volume of 1,222,124. Dover has a one year low of $68.10 and a one year high of $97.09. The firm has a market cap of $14,730.00, a price-to-earnings ratio of 26.19, a PEG ratio of 1.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.32 and a quick ratio of 0.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.47 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.88 annualized dividend and a yield of 1.99%. Dover’s payout ratio is 43.72%.

In other Dover news, Director Michael B. Stubbs sold 41,505 shares of Dover stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $95.67, for a total value of $3,970,783.35. Following the completion of the transaction, the director now owns 275,344 shares in the company, valued at approximately $26,342,160.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael B. Stubbs sold 8,495 shares of Dover stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.30, for a total value of $818,068.50. Following the completion of the transaction, the director now 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 quarter, insiders sold 65,276 shares of company stock valued at $6,234,042. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citizens Financial Group Inc RI raised its position in shares of Dover by 0.3% during the second quarter. Citizens Financial Group Inc RI now owns 4,555 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 15 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of Dover by 0.7% during the second quarter. FineMark National Bank & Trust now owns 3,292 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 23 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Dover by 0.4% during the second quarter. Flinton Capital Management LLC now owns 6,608 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 28 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Dover by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,565 shares of the industrial products company’s stock worth $928,000 after acquiring an additional 30 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in shares of Dover by 1.4% during the second quarter. Reliance Trust Co. of Delaware now owns 3,025 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

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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.

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Earnings History and Estimates for Dover (NYSE:DOV)

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