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

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

The stock has a 50-day moving average of $68.51 and a 200-day moving average of $63.55. The stock has a market cap of $10.91 billion and a PE ratio of 14.58.

Dover Corp. (NYSE:DOV) last released its quarterly earnings results on Thursday, April 21st. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts expect that Dover Corp. will post $3.49 earnings per share for the current year.

The business 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. The ex-dividend date was Thursday, May 26th. This represents a $1.68 annualized dividend and a yield of 2.39%.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK boosted its position in Dover Corp. by 5.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 48,943 shares of the company’s stock valued at $3,132,000 after buying an additional 2,533 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Dover Corp. by 151.1% in the fourth quarter. Pzena Investment Management LLC now owns 5,671,522 shares of the company’s stock valued at $347,721,000 after buying an additional 3,413,250 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Dover Corp. by 0.4% in the fourth quarter. Nationwide Fund Advisors now owns 172,665 shares of the company’s stock valued at $10,586,000 after buying an additional 734 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Dover Corp. by 431.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 26,467 shares of the company’s stock valued at $1,623,000 after buying an additional 21,483 shares in the last quarter. Finally, NewFocus Financial Group LLC boosted its position in shares of Dover Corp. by 3.5% in the fourth quarter. NewFocus Financial Group LLC now owns 36,832 shares of the company’s stock valued at $2,258,000 after buying an additional 1,261 shares in the last quarter.

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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