Barclays initiated coverage on shares of Dover (NYSE:DOV) in a report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on DOV. Royal Bank of Canada reaffirmed a “hold” rating and set a $105.00 target price on shares of Dover in a report on Wednesday, January 17th. Zacks Investment Research lowered Dover from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price on shares of Dover in a report on Thursday, December 14th. ValuEngine lowered Dover from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $96.00 target price on shares of Dover in a report on Monday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.42.

Shares of Dover (NYSE:DOV) opened at $99.69 on Thursday. Dover has a twelve month low of $75.51 and a twelve month high of $109.06. The firm has a market capitalization of $15,152.12, a PE ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 1.28. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Dover (NYSE:DOV) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. analysts forecast that Dover will post 5.85 earnings per share for the current year.

In related news, SVP Stephen Gary Kennon sold 2,359 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $94.40, for a total value of $222,689.60. Following the completion of the sale, the senior vice president now owns 5,192 shares in the company, valued at approximately $490,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP William T. Bosway sold 6,087 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,070,876.82. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in Dover in the fourth quarter valued at approximately $133,000. Benjamin F. Edwards & Company Inc. lifted its position in Dover by 388.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 1,347 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Dover by 891.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,775 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 1,596 shares during the last quarter. Somerville Kurt F bought a new stake in Dover in the fourth quarter valued at approximately $202,000. Finally, Associated Banc Corp bought a new stake in Dover in the fourth quarter valued at approximately $202,000. Institutional investors own 84.24% of the company’s stock.

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About Dover

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.

The Fly

Analyst Recommendations for Dover (NYSE:DOV)

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