Traders purchased shares of Dover Corp (NYSE:DOV) on weakness during trading hours on Tuesday after Zacks Investment Research downgraded the stock from a buy rating to a hold rating. $22.52 million flowed into the stock on the tick-up and $15.99 million flowed out of the stock on the tick-down, for a money net flow of $6.53 million into the stock. Of all companies tracked, Dover had the 33rd highest net in-flow for the day. Dover traded down ($0.30) for the day and closed at $94.00
Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Dover from $116.00 to $118.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley upped their price target on Dover from $110.00 to $113.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Stifel Nicolaus cut their price target on Dover from $115.00 to $102.00 and set a “hold” rating on the stock in a report on Monday. SunTrust Banks upped their price target on Dover to $106.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, Barclays assumed coverage on Dover in a report on Thursday, February 15th. They set an “overweight” rating and a $120.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.00.
In other Dover news, VP Anthony K. Kosinski sold 895 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $104.34, for a total transaction of $93,384.30. Following the completion of the transaction, the vice president now owns 8,516 shares of the company’s stock, valued at $888,559.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Gary Kennon sold 15,702 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total value of $1,601,761.02. The disclosure for this sale can be found here. Insiders sold a total of 19,897 shares of company stock valued at $2,031,745 over the last ninety days. 2.60% of the stock is currently owned by company insiders.
The stock has a market cap of $14,494.27, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01.
Dover (NYSE:DOV) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.09. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. Dover had a return on equity of 15.24% and a net margin of 10.37%. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. analysts predict that Dover Corp will post 5.86 earnings per share for the current fiscal year.
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.