Stifel Nicolaus reaffirmed their hold rating on shares of Dover (NYSE:DOV) in a report released on Thursday morning. Stifel Nicolaus currently has a $100.00 target price on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. Seaport Global Securities restated a neutral rating on shares of Dover in a research note on Wednesday, September 13th. Robert W. Baird reiterated a buy rating and set a $95.00 price objective on shares of Dover in a research note on Tuesday, September 12th. SunTrust Banks reiterated a hold rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Morgan Stanley reiterated an overweight rating and set a $106.00 price objective (up previously from $97.00) on shares of Dover in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co upgraded Dover from a neutral rating to an overweight rating and lifted their price objective for the company from $80.00 to $105.00 in a research note on Wednesday, September 20th. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $95.31.

Shares of Dover (DOV) traded up $1.73 during mid-day trading on Thursday, hitting $97.48. The stock had a trading volume of 1,807,870 shares, compared to its average volume of 1,210,566. The company has a market cap of $14,983.99, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.88 and a beta of 1.29. Dover has a 12-month low of $74.53 and a 12-month high of $99.15. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Dover had a return on equity of 14.10% and a net margin of 8.91%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. research analysts forecast that Dover will post 3.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, November 29th. Dover’s dividend payout ratio is presently 43.72%.

In other news, Director Michael B. Stubbs sold 41,505 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 275,344 shares in the company, valued at $26,342,160.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total value of $576,195.42. Following the completion of the sale, the vice president now owns 21,877 shares in the company, valued at $2,070,876.82. The disclosure for this sale can be found here. Insiders have sold 65,276 shares of company stock valued at $6,234,042 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc RI lifted its position in shares of Dover by 0.3% in the second quarter. Citizens Financial Group Inc RI now owns 4,555 shares of the industrial products company’s stock worth $365,000 after buying an additional 15 shares in the last quarter. Flinton Capital Management LLC raised its position in Dover by 0.4% during the second quarter. Flinton Capital Management LLC now owns 6,608 shares of the industrial products company’s stock valued at $530,000 after purchasing an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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 valued at $928,000 after purchasing an additional 30 shares during the period. Veritable L.P. raised its position in Dover by 1.1% during the second quarter. Veritable L.P. now owns 4,044 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 43 shares during the period. Finally, D.A. Davidson & CO. raised its position in Dover by 0.7% during the second quarter. D.A. Davidson & CO. now owns 7,190 shares of the industrial products company’s stock valued at $576,000 after purchasing an additional 48 shares during the period. Institutional investors own 84.60% of the company’s stock.

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Dover 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.

Analyst Recommendations for Dover (NYSE:DOV)

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