Shares of Dover Corp. (NYSE:DOV) saw unusually-high trading volume on Thursday . Approximately 1,756,184 shares changed hands during trading, an increase of 16% from the previous session’s volume of 1,513,690 shares.The stock last traded at $71.79 and had previously closed at $73.05.

Several research firms have weighed in on DOV. Bank of America Corp. raised shares of Dover Corp. from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, May 10th. Zacks Investment Research downgraded shares of Dover Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 29th. Barclays PLC boosted their target price on shares of Dover Corp. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Dover Corp. in a research report on Monday, June 27th. Finally, Citigroup Inc. boosted their target price 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.87.

The firm has a market capitalization of $11.06 billion and a price-to-earnings ratio of 14.77. The company’s 50 day moving average price is $70.20 and its 200 day moving average price is $64.29.

Dover Corp. (NYSE:DOV) last announced its earnings results on Thursday, July 21st. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The company’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Dover Corp. will post $3.45 EPS for the current fiscal year.

Other institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd raised its position in Dover Corp. by 1.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 48,108 shares of the company’s stock worth $2,950,000 after buying an additional 500 shares during the period. Pittenger & Anderson Inc. raised its position in Dover Corp. by 4.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 18,325 shares of the company’s stock worth $1,123,000 after buying an additional 780 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Dover Corp. by 4.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,749 shares of the company’s stock worth $1,272,000 after buying an additional 790 shares during the period. Principal Financial Group Inc. raised its position in Dover Corp. by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 229,722 shares of the company’s stock worth $14,085,000 after buying an additional 2,388 shares during the period. Finally, Aberdeen Asset Management PLC UK raised 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 worth $3,132,000 after buying an additional 2,533 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.