Brady now forecasts that the industrial products company will earn $1.18 per share for the quarter, up from their previous forecast of $0.86. SunTrust Banks has a "Hold" rating and a $106.00 price objective on the stock.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets reaffirmed a "buy" rating on shares of Dover in a research note on Friday, January 26th. Royal Bank of Canada reissued a "hold" rating and issued a $105.00 price target on shares of Dover in a report on Wednesday, January 17th. Morgan Stanley restated an overweight rating and issued a $106.00 target price (up previously from $97.00) on shares of Dover in a report on Monday, October 2nd. The stock of Dover Corporation (NYSE:DOV) has "Hold" rating given on Thursday, July 20 by RBC Capital Markets. Zacks Investment Research upgraded Dover from a "hold" rating to a "buy" rating and set a $119.00 price target for the company in a report on Friday, February 2nd. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The institutional investor purchased 6,371 shares of the industrial products company's stock, valued at approximately $643,000.
Dover Corporation (NYSE:DOV) opened at 86.30 on Wednesday. About 1.78M shares traded or 67.28% up from the average. Dover has a 52-week low of $75.51 and a 52-week high of $109.06. The stock has a market capitalization of $14,987.10, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.28. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.30 as current ratio and on the opponent side the debt to equity ratio was 0.81 and long-term debt to equity ratio also remained 0.70. The stock of Dover Corporation (NYSE:DOV) has "Hold" rating given on Tuesday, January 16 by Stifel Nicolaus. The industrial products company reported $1.13 EPS for the quarter, topping the Zacks' consensus estimate of $1.04 by $0.09. Dover Corporation had a net margin of 8.61% and a return on equity of 13.36%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Creative Planning now owns 196,491 shares of the industrial products company's stock worth $19,844,000 after acquiring an additional 1,022 shares in the last quarter. The firm's revenue was up 13.5% compared to the same quarter a year ago.
Large investors have recently modified their holdings of the business. Berkshire Asset Management LLC PA acquired a new position in shares of Dover in the 4th quarter worth approximately $233,000. Schwab Charles Investment Management Inc. grew its position in shares of Dover by 3.3% in the 4th quarter. First Republic Investment Management Inc. now owns 4,990 shares of the industrial products company's stock valued at $504,000 after buying an additional 932 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Dover were worth $1,909,000 at the end of the most recent quarter. JPMorgan Chase & Co. now owns 5,810,306 shares of the industrial products company's stock valued at $531,702,000 after purchasing an additional 848,098 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its holdings in Dover Corporation by 0.7% in the second quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Dover by 4.5% during the second quarter. Institutional investors own 84.45% of the company's stock. Another trade for 4,400 shares valued at $419,100 was sold by Goldberg Paul. Cramer Rosenthal Mcglynn Llc sold 168,000 shares as Dover Corp (DOV)'s stock rose 4.00%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William T. Bosway sold 6,087 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $94.66, for a total value of $576,195.42. Cleararc Capital Inc. now owns 3,799 shares of the industrial products company's stock valued at $305,000 after acquiring an additional 15 shares in the last quarter. The disclosure for this sale can be found here. Insiders have sold a total of 10,876 shares of company stock worth $1,026,090 over the last 90 days. Corporate insiders own 2.50% of the company's stock.
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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.