Investors sold shares of Dover Corp. (NYSE:DOV) on strength during trading hours on Friday. $10.77 million flowed into the stock on the tick-up and $24.62 million flowed out of the stock on the tick-down, for a money net flow of $13.85 million out of the stock. Of all equities tracked, Dover Corp. had the 0th highest net out-flow for the day. Dover Corp. traded up $0.54 for the day and closed at $73.11

Several research firms have issued reports on DOV. Zacks Investment Research lowered shares of Dover Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 29th. Bank of America Corp. upgraded shares of Dover Corp. from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, May 10th. Seaport Global Securities upgraded shares of Dover Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $75.00 in a research report on Monday, April 25th. Robert W. Baird upgraded shares of Dover Corp. from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $66.00 to $86.00 in a research report on Wednesday, June 8th. Finally, Sanford C. Bernstein upgraded shares of Dover Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $87.00 in a research report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Dover Corp. currently has an average rating of “Hold” and an average target price of $70.47.

The stock’s 50 day moving average is $69.47 and its 200-day moving average is $63.92. The firm has a market capitalization of $11.34 billion and a price-to-earnings ratio of 15.16.

Dover Corp. (NYSE:DOV) last announced its quarterly earnings data 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 earned $0.72 EPS. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Dover Corp.’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Dover Corp. will post $3.48 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. WBI Investments Inc. purchased a new stake in shares of Dover Corp. during the fourth quarter valued at approximately $41,596,000. Winton Capital Group Ltd increased its stake in shares of Dover Corp. by 116.3% in the fourth quarter. Winton Capital Group Ltd now owns 515,758 shares of the company’s stock valued at $31,621,000 after buying an additional 277,282 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Dover Corp. by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 13,699,026 shares of the company’s stock valued at $839,888,000 after buying an additional 267,457 shares during the last quarter. Morgan Stanley increased its stake in shares of Dover Corp. by 31.0% in the fourth quarter. Morgan Stanley now owns 580,539 shares of the company’s stock valued at $35,592,000 after buying an additional 137,334 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Dover Corp. by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,433,207 shares of the company’s stock valued at $87,875,000 after buying an additional 118,576 shares during 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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