Dover Corp. (NYSE:DOV)’s share price traded up 2.5% on Thursday . The company traded as high as $69.65 and last traded at $68.91, with a volume of 1,621,969 shares. The stock had previously closed at $67.23.

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Dover Corp. in a research report on Monday, June 27th. Zacks Investment Research cut shares of Dover Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Citigroup Inc. upped their price objective on shares of Dover Corp. from $70.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Dover Corp. in a research report on Wednesday, June 8th. Finally, Robert W. Baird raised shares of Dover Corp. from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $66.00 to $86.00 in a report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Dover Corp. currently has a consensus rating of “Hold” and a consensus price target of $70.47.

The firm has a market cap of $10.66 billion and a price-to-earnings ratio of 14.25. The stock has a 50 day moving average of $68.23 and a 200 day moving average of $63.43.

Dover Corp. (NYSE:DOV) last announced its earnings results on Thursday, April 21st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. Equities analysts expect that Dover Corp. will post $3.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, May 26th.

A number of hedge funds have bought and sold shares of DOV. New York State Common Retirement Fund boosted its stake in Dover Corp. by 1.3% in the fourth quarter. New York State Common Retirement Fund now owns 372,800 shares of the company’s stock valued at $22,856,000 after buying an additional 4,800 shares during the period. Comerica Bank boosted its stake in Dover Corp. by 5.6% in the fourth quarter. Comerica Bank now owns 80,016 shares of the company’s stock valued at $4,628,000 after buying an additional 4,247 shares during the period. ProShare Advisors LLC boosted its stake in Dover Corp. by 22.0% in the fourth quarter. ProShare Advisors LLC now owns 360,475 shares of the company’s stock valued at $22,101,000 after buying an additional 65,057 shares during the period. Clark Estates Inc. NY boosted its stake in Dover Corp. by 10.3% in the fourth quarter. Clark Estates Inc. NY now owns 42,800 shares of the company’s stock valued at $2,624,000 after buying an additional 4,000 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Dover Corp. by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 491,348 shares of the company’s stock valued at $30,125,000 after buying an additional 3,200 shares during the period.

Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for production and processing of fuels across the world.

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