Dover Corporation (NYSE:DOV) - Oppenheimer Holdings upped their Q3 2017 earnings per share (EPS) estimates for shares of Dover Corporation in a research note issued on Thursday. Oppenheimer Holdings analyst J. Giannakouros now anticipates that the industrial products company will earn $1.12 per share for the quarter, up from their prior estimate of $1.06. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Dover Corporation’s Q4 2017 earnings at $0.99 EPS and FY2018 earnings at $4.45 EPS.
Several other equities research analysts have also weighed in on the company. Citigroup Inc. lifted their price target on Dover Corporation from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus lifted their price target on Dover Corporation from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Dover Corporation from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, July 18th. BidaskClub upgraded Dover Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $90.00 price target (up from $89.00) on shares of Dover Corporation in a research report on Thursday, July 6th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Dover Corporation has a consensus rating of “Buy” and a consensus target price of $87.73.
Dover Corporation (NYSE DOV) opened at 82.87 on Monday. The stock’s 50 day moving average price is $82.08 and its 200-day moving average price is $80.17. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 20.72 and a beta of 1.27. Dover Corporation has a 12 month low of $65.50 and a 12 month high of $85.31.
Dover Corporation (NYSE:DOV) last issued its earnings results on Thursday, July 20th. The industrial products company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Dover Corporation had a return on equity of 13.36% and a net margin of 8.61%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Dover Corporation’s revenue for the quarter was up 18.2% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. boosted its position in Dover Corporation by 5.1% in the second quarter. Duncker Streett & Co. Inc. now owns 16,820 shares of the industrial products company’s stock valued at $1,349,000 after buying an additional 810 shares in the last quarter. APG Asset Management N.V. boosted its position in Dover Corporation by 6.1% in the second quarter. APG Asset Management N.V. now owns 157,987 shares of the industrial products company’s stock valued at $12,674,000 after buying an additional 9,100 shares in the last quarter. Parthenon LLC boosted its position in Dover Corporation by 0.4% in the second quarter. Parthenon LLC now owns 112,272 shares of the industrial products company’s stock valued at $9,006,000 after buying an additional 470 shares in the last quarter. Asset Advisors Corp boosted its position in Dover Corporation by 0.8% in the second quarter. Asset Advisors Corp now owns 137,090 shares of the industrial products company’s stock valued at $10,997,000 after buying an additional 1,100 shares in the last quarter. Finally, Private Capital Management Inc. acquired a new position in Dover Corporation during the second quarter valued at $513,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.
In other news, VP William Spurgeon sold 7,864 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $81.25, for a total value of $638,950.00. Following the completion of the transaction, the vice president now owns 39,155 shares in the company, valued at $3,181,343.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Stubbs sold 40,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $83.22, for a total value of $3,328,800.00. Following the completion of the transaction, the director now owns 275,344 shares of the company’s stock, valued at approximately $22,914,127.68. The disclosure for this sale can be found here. Insiders sold 63,502 shares of company stock valued at $5,216,444 in the last 90 days. Company insiders own 2.50% 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.
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