A number of research firms have changed their ratings and price targets for Dover (NYSE: DOV):

  • 2/2/2018 – Dover was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $119.00 price target on the stock. According to Zacks, “Dover’s fourth-quarter 2017 earnings and revenues improved on a year-over-year basis and beat the respective Zacks Consensus Estimate. This can be attributed to strong global markets along with cost and productivity improvements. Earnings per share guidance range for 2018 is pegged at $5.73-$5.93, reflecting a rise of 19% year over year. Dover will benefit from strong momentum in its segments and the recently passed Tax Cuts and Jobs Act. The separation of its Wellsite business and the sale of consumer and industrial winch business of Warn will help in streamlining portfolio and investing in market-leading platforms with strong margin profiles. Dover will benefit from cost saving actions, significant drilling activity and fast-growing digital textile printing market. The company recently acquired Ettlinger to boost presence in the plastics and polymers processing equipment industry. The stock has outperformed its industry over the past year.”
  • 2/2/2018 – Dover had its “hold” rating reaffirmed by analysts at Seaport Global Securities. They now have a $110.00 price target on the stock.
  • 2/1/2018 – Dover had its price target raised by analysts at BMO Capital Markets from $116.00 to $118.00. They now have an “outperform” rating on the stock.
  • 2/1/2018 – Dover had its price target raised by analysts at Morgan Stanley from $110.00 to $113.00. They now have an “overweight” rating on the stock.
  • 1/31/2018 – Dover had its price target raised by analysts at SunTrust Banks, Inc. to $106.00. They now have a “hold” rating on the stock.
  • 1/26/2018 – Dover had its “buy” rating reaffirmed by analysts at BMO Capital Markets.
  • 1/22/2018 – Dover is now covered by analysts at UBS Group AG. They set a “neutral” rating on the stock.
  • 1/22/2018 – Dover was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dover’s third-quarter ended with robust bookings and backlog that bodes well for the fourth quarter. Dover guides 2017 adjusted EPS in the $4.23-$4.33 range, an increase of 38% year over year at the mid-point. The company’s separation of its Wellsite business and the sale of consumer and industrial winch business of Warn will help in streamlining portfolio. It will aid the company to invest in market-leading platforms with strong margin profiles. Dover will benefit from cost saving actions, significant drilling activity and fast-growing digital textile printing market. Dover recently acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, in a bid to boost its presence in the plastics and polymers processing equipment industry. The stock has outperformed its industry over the past six months. However, continued softness in the commercial cooking equipment markets and increased raw material costs will impact results.”
  • 1/19/2018 – Dover was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $116.00 price target on the stock. According to Zacks, “Dover’s third-quarter ended with robust bookings and backlog that bodes well for the fourth quarter. Dover guides 2017 adjusted EPS in the $4.23-$4.33 range, an increase of 38% year over year at the mid-point. The company’s separation of its Wellsite business and the sale of consumer and industrial winch business of Warn will help in streamlining portfolio. It will aid the company to invest in market-leading platforms with strong margin profiles. Dover will benefit from cost saving actions, significant drilling activity and fast-growing digital textile printing market. Dover recently acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, in a bid to boost its presence in the plastics and polymers processing equipment industry. The stock has outperformed its industry in the last six months. “
  • 1/17/2018 – Dover had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $105.00 price target on the stock.
  • 1/16/2018 – Dover had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $112.00 price target on the stock, up previously from $100.00.
  • 1/4/2018 – Dover had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $100.00 price target on the stock.
  • 12/14/2017 – Dover had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $100.00 price target on the stock.

Shares of Dover Corp (DOV) opened at $97.35 on Monday. Dover Corp has a 1 year low of $75.51 and a 1 year high of $109.06. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $15,033.21, a PE ratio of 18.90, a PEG ratio of 1.28 and a beta of 1.28.

Dover (NYSE:DOV) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. research analysts expect that Dover Corp will post 5.85 EPS for the current fiscal year.

In other news, SVP Stephen Gary Kennon sold 2,359 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $94.40, for a total value of $222,689.60. Following the completion of the sale, the senior vice president now owns 5,192 shares of the company’s stock, valued at $490,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Goldberg sold 2,430 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. Insiders sold 10,876 shares of company stock valued at $1,026,090 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.

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