Shares of Dover Corp. (NYSE:DOV) hit a new 52-week high on Wednesday . The company traded as high as $73.58 and last traded at $73.22, with a volume of 661,673 shares trading hands. The stock had previously closed at $72.97.

A number of analysts have weighed in on DOV shares. 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 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 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 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 report on Friday, June 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.87.

The company has a 50 day moving average of $69.76 and a 200-day moving average of $64.10. The firm has a market capitalization of $11.34 billion and a P/E ratio of 15.15.

Dover Corp. (NYSE:DOV) last released its earnings results on Thursday, April 21st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. The business’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, analysts anticipate that Dover Corp. will post $3.47 EPS for the current year.

Other large investors have made changes to their positions in the company. Vanguard Group Inc. boosted 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 in the last quarter. Janus Capital Management boosted its stake in shares of Dover Corp. by 2.7% in the third quarter. Janus Capital Management now owns 2,877,027 shares of the company’s stock valued at $164,513,000 after buying an additional 75,173 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. WBI Investments Inc. acquired a new stake in shares of Dover Corp. during the fourth quarter valued at $41,596,000. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Dover Corp. by 6.6% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 599,290 shares of the company’s stock valued at $36,742,000 after buying an additional 37,214 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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