Several other equities research analysts also recently weighed in on DOV. Zacks Investment Research downgraded Dover from a hold rating to a sell rating in a research report on Monday, December 31st. Wolfe Research upgraded Dover from a market perform rating to an outperform rating in a research report on Tuesday, January 8th. UBS Group upgraded Dover from a neutral rating to a buy rating and set a $76.35 target price on the stock in a research report on Thursday, January 10th. Oppenheimer restated a hold rating on shares of Dover in a research report on Tuesday, January 29th. Finally, SunTrust Banks raised their target price on Dover to $91.00 and gave the company a hold rating in a research report on Wednesday, January 30th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $93.72.
Shares of DOV opened at $96.35 on Monday. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.42 and a beta of 1.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.37. Dover has a fifty-two week low of $65.83 and a fifty-two week high of $98.80.
In related news, VP Carrie L. Anderson sold 9,038 shares of Dover stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $91.95, for a total value of $831,044.10. Following the sale, the vice president now directly owns 4,192 shares in the company, valued at approximately $385,454.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Anthony K. Kosinski sold 4,241 shares of Dover stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $90.53, for a total value of $383,937.73. The disclosure for this sale can be found here. Insiders have sold a total of 48,200 shares of company stock worth $4,277,800 over the last 90 days. Insiders own 1.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Conning Inc. acquired a new stake in Dover in the 1st quarter worth about $246,000. CWM LLC boosted its holdings in Dover by 378.6% in the 1st quarter. CWM LLC now owns 493 shares of the industrial products company’s stock worth $46,000 after buying an additional 390 shares during the last quarter. Butensky & Cohen Financial Security Inc. boosted its holdings in Dover by 11.8% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 23,918 shares of the industrial products company’s stock worth $2,244,000 after buying an additional 2,518 shares during the last quarter. Boenning & Scattergood Inc. boosted its holdings in Dover by 10.4% in the 1st quarter. Boenning & Scattergood Inc. now owns 6,625 shares of the industrial products company’s stock worth $622,000 after buying an additional 626 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in Dover by 1.1% in the 1st quarter. Gulf International Bank UK Ltd now owns 34,090 shares of the industrial products company’s stock worth $3,197,000 after buying an additional 375 shares during the last quarter. Institutional investors own 86.34% of the company’s stock.
Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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