Dover Corp (NYSE:DOV) had its price objective hoisted by analysts at Barclays PLC from $78.00 to $79.00 in a research note issued to investors on Wednesday. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price target points to a potential downside of 0.89% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Citigroup Inc boosted their price objective on Dover Corp from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. Langenberg & Company upgraded Dover Corp from a “sell” rating to a “hold” rating in a research note on Monday, January 30th. Royal Bank of Canada restated a “hold” rating and issued a $86.00 price objective on shares of Dover Corp in a research note on Sunday, March 12th. BMO Capital Markets initiated coverage on Dover Corp in a research note on Wednesday, February 22nd. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, Vertical Research upgraded Dover Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, January 3rd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $83.33.

Analyst Recommendations for Dover Corp (NYSE:DOV)

Dover Corp (NYSE:DOV) traded up 0.57% during mid-day trading on Wednesday, reaching $79.71. 2,841,865 shares of the company’s stock traded hands. Dover Corp has a 12 month low of $62.89 and a 12 month high of $82.56. The stock has a market cap of $12.40 billion, a P/E ratio of 24.53 and a beta of 1.18. The company has a 50 day moving average price of $79.39 and a 200-day moving average price of $75.64.

Dover Corp (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 20th. The industrial products company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.48. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. Dover Corp had a net margin of 7.49% and a return on equity of 12.35%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Dover Corp will post $3.61 EPS for the current year.

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In other news, VP Sandra A. Arkell sold 1,850 shares of the company’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $79.94, for a total transaction of $147,889.00. Following the sale, the vice president now directly owns 10,742 shares in the company, valued at $858,715.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael B. Stubbs sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 277,194 shares in the company, valued at $22,258,678.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Several large investors have recently made changes to their positions in DOV. KCM Investment Advisors LLC boosted its stake in shares of Dover Corp by 0.3% in the third quarter. KCM Investment Advisors LLC now owns 5,917 shares of the industrial products company’s stock valued at $436,000 after buying an additional 20 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Dover Corp by 2.6% in the fourth quarter. Johnson Financial Group Inc. now owns 1,556 shares of the industrial products company’s stock valued at $117,000 after buying an additional 40 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Dover Corp by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,905 shares of the industrial products company’s stock valued at $667,000 after buying an additional 40 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Dover Corp by 2.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,977 shares of the industrial products company’s stock valued at $293,000 after buying an additional 100 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Dover Corp by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 3,900 shares of the industrial products company’s stock valued at $292,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.

About Dover Corp

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.

5 Day Chart for NYSE:DOV

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