Dover (NYSE:DOV) released its earnings results on Thursday. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.07, MarketWatch Earnings reports. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 18.66% and a net margin of 9.64%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Dover updated its FY 2018 guidance to $4.80-4.85 EPS and its FY18 guidance to $4.80-4.85 EPS.

Shares of DOV stock opened at $82.23 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 1.05. Dover has a twelve month low of $70.12 and a twelve month high of $90.26. The firm has a market cap of $13.08 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34.

In related news, Director Kristiane C. Graham sold 50,000 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the completion of the sale, the director now directly owns 367,324 shares in the company, valued at approximately $30,396,061. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on DOV. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Gordon Haskett began coverage on Dover in a research report on Friday, October 12th. They set a “buy” rating for the company. Bank of America upped their target price on Dover from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Barclays upped their target price on Dover to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, September 12th. Finally, Stifel Nicolaus upped their target price on Dover from $85.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, September 12th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.77.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Earnings History for Dover (NYSE:DOV)

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