Dover (NYSE: DOV) saw its price target slashed by Deutsche Bank Aktiengesellschaft from $ 187.00 to $ 178.00 in a research note released Friday, Fly reports. The company currently has a “hold” rating on the shares of the industrial products company. The Deutsche Bank Aktiengesellschaft price target would suggest a potential rise of 3.71% from the stock’s previous close.
A number of other brokerages have also commented on DOV. Citigroup raised its price target on Dover shares from $ 185.00 to $ 196.00 and gave the company a “buy” rating in a research note on Wednesday, October 20. Morgan Stanley increased its price target for Dover shares from $ 173.00 to $ 190.00 and gave the stock an “equal weight” rating in a research report published on Wednesday, October 20. Royal Bank of Canada raised its price target for Dover shares from $ 163.00 to $ 171.00 and assigned the company a âsector performanceâ rating in a research note on Wednesday, October 20. Vertical Research launched coverage on Dover in a research report on Friday, October 8. They set a “sell” rating and a target price of $ 152.00 for the stock. Finally, JPMorgan Chase & Co. raised its price target on Dover from $ 178.00 to $ 180.00 and assigned the company an “overweight” rating in a report released on Wednesday, October 20. Two research analysts gave the stock a sell rating, five gave the company a conservation rating, and five gave the company a buy rating. Based on data from MarketBeat, the company currently has an average âHoldâ rating and a consensus target price of $ 175.45.
Actions of NYSE DOV opened for $ 171.63 on Friday. The company has a leverage ratio of 0.79, a current ratio of 1.64, and a quick ratio of 1.12. Dover has a one-year low at $ 115.88 and a one-year high at $ 178.32. The company’s fifty-day mobile average price is $ 168.45, and its two-hundred-day mobile average price is $ 163.46. The company has a market cap of $ 24.71 billion, a PE ratio of 26.45, a P / E / G ratio of 1.93 and a beta of 1.38.
Dover (NYSE: DOV) last released its results on Monday, October 18. The industrials company reported EPS of $ 1.98 for the quarter, beating the consensus estimate of $ 1.85 by $ 0.13. The company posted revenue of $ 2.02 billion in the quarter, compared to analysts’ expectations of $ 1.99 billion. Dover had a net margin of 12.25% and a return on equity of 29.67%. Dover quarterly revenue increased 15.4% year-on-year. In the same quarter of the previous year, the company achieved EPS of $ 1.60. Equity research analysts expect Dover to post earnings per share of 7.52 for the current fiscal year.
Meanwhile, CFO Brad M. Cerepak sold 20,033 shares in a trade on Wednesday, December 1. The shares were sold at an average price of $ 166.48, for a total trade of $ 3,335,093.84. The sale was disclosed in a document filed with the SEC, which can be accessed via the SEC website. In addition, Vice President Anthony K. Kosinski sold 1,645 shares of the company in a transaction dated Tuesday, November 2. The stock was sold for an average price of $ 170.82, for a total value of $ 280,998.90. Disclosure of this sale can be found here. Insiders own 0.97% of the shares of the company.
A number of hedge funds and other institutional investors have recently bought and sold stocks. Vanguard Group Inc. increased its stake in Dover shares by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 16,109,694 shares of the industrial products company valued at $ 2,426,121,000 after purchasing an additional 135,727 shares during the period. Boston Partners increased its stake in Dover by 0.7% in the second quarter. Boston Partners now owns 4,522,248 shares of the industrials company valued at $ 681,127,000 after purchasing an additional 30,047 shares in the last quarter. Macquarie Group Ltd. increased its position in Dover by 202.0% in the third quarter. Macquarie Group Ltd. now owns 3,435,433 shares of the industrial products company valued at $ 534,210,000 after acquiring an additional 2,297,892 shares during the period. Geode Capital Management LLC increased its stake in Dover by 2.2% during the third quarter. Geode Capital Management LLC now owns 2,534,709 shares of the industrial products company valued at $ 393,093,000 after acquiring an additional 54,953 shares during the last quarter. Finally, Alliancebernstein LP increased its stake in Dover shares by 3.7% during the third quarter. Alliancebernstein LP now owns 2,275,416 shares of the industrial products company valued at $ 353,827,000 after acquiring an additional 81,356 shares during the period. 83.40% of the shares are currently held by institutional investors and hedge funds.
Dover Corp. is dedicated to the manufacture of specialized equipment, components and systems. The company also provides support engineering, testing and other similar services. It operates in the following segments: engineering products, refueling solutions, imaging and identification, pumps and process solutions, and refrigeration and power equipment.
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