Dover (DOV) Hits New 52-Week High at $101.66

Dover Corp (NYSE:DOV) shares reached a new 52-week high during trading on Thursday . The company traded as high as $101.66 and last traded at $101.63, with a volume of 196169 shares trading hands. The stock had previously closed at $101.14.

A number of research analysts recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 target price on shares of Dover in a research note on Thursday, December 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price objective (up from $97.00) on shares of Dover in a research note on Monday, October 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Zacks Investment Research raised Dover from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $95.00 price objective on shares of Dover in a research note on Tuesday, September 12th. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Dover has a consensus rating of “Hold” and a consensus price target of $95.31.

The firm has a market capitalization of $15,740.00, a P/E ratio of 23.52, a PEG ratio of 1.96 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Dover (NYSE:DOV) last posted its earnings results on Thursday, October 19th. The industrial products company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. Dover had a net margin of 8.91% and a return on equity of 14.10%. Dover’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. equities analysts expect that Dover Corp will post 3.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.86%. Dover’s dividend payout ratio is currently 43.72%.

In other news, Director Michael B. Stubbs sold 41,505 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $95.67, for a total transaction of $3,970,783.35. Following the completion of the sale, the director now directly owns 275,344 shares in the company, valued at $26,342,160.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William T. Bosway sold 6,087 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total transaction of $576,195.42. Following the sale, the vice president now owns 21,877 shares of the company’s stock, valued at $2,070,876.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,276 shares of company stock valued at $6,234,042. 2.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of DOV. JPMorgan Chase & Co. lifted its holdings in Dover by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 4,962,208 shares of the industrial products company’s stock worth $398,069,000 after buying an additional 511,469 shares during the period. Geneva Advisors LLC lifted its holdings in Dover by 25.3% in the second quarter. Geneva Advisors LLC now owns 5,763 shares of the industrial products company’s stock worth $462,000 after buying an additional 1,162 shares during the period. Victory Capital Management Inc. lifted its holdings in Dover by 21.7% in the third quarter. Victory Capital Management Inc. now owns 25,466 shares of the industrial products company’s stock worth $2,327,000 after buying an additional 4,534 shares during the period. Magnetar Financial LLC purchased a new stake in Dover in the third quarter worth about $22,066,000. Finally, Nuance Investments LLC lifted its holdings in Dover by 9.5% in the second quarter. Nuance Investments LLC now owns 38,146 shares of the industrial products company’s stock worth $3,060,000 after buying an additional 3,310 shares during the period. Institutional investors own 84.42% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Dover (DOV) Hits New 52-Week High at $101.66” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/28/dover-dov-hits-new-52-week-high-at-101-66.html.

About Dover

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.

What are top analysts saying about Dover? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dover and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit