Dover (DOV) Upgraded by UBS Group to Buy

Dover (NYSE:DOV) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, www.benzinga.com reports. The firm currently has a $76.35 target price on the industrial products company’s stock. UBS Group’s price target would suggest a potential downside of 1.94% from the company’s previous close.

Several other analysts have also recently commented on DOV. Bank of America lifted their price objective on shares of Dover from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Barclays lifted their price objective on shares of Dover to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, September 12th. Royal Bank of Canada lifted their price objective on shares of Dover to $86.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 12th. Stifel Nicolaus lifted their price objective on shares of Dover from $85.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, September 12th. Finally, Zacks Investment Research cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.18.

NYSE:DOV opened at $77.86 on Thursday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.13 and a beta of 1.39. Dover has a twelve month low of $65.83 and a twelve month high of $90.26. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09.



Dover (NYSE:DOV) last released its earnings results on Thursday, October 18th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a net margin of 9.69% and a return on equity of 21.22%. Dover’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. On average, equities research analysts expect that Dover will post 4.84 earnings per share for the current year.

In related news, Director Mary A. Winston sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 23rd. The shares were sold at an average price of $82.29, for a total value of $164,580.00. Following the completion of the transaction, the director now directly owns 13,055 shares in the company, valued at approximately $1,074,295.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Holderness Investments Co. acquired a new position in shares of Dover in the 3rd quarter valued at $211,000. Cambridge Investment Research Advisors Inc. raised its position in Dover by 14.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,406 shares of the industrial products company’s stock worth $1,452,000 after acquiring an additional 2,090 shares during the period. Synovus Financial Corp raised its position in Dover by 63.7% during the third quarter. Synovus Financial Corp now owns 4,951 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 1,927 shares during the period. Global X Management Co LLC raised its position in Dover by 71.5% during the second quarter. Global X Management Co LLC now owns 7,673 shares of the industrial products company’s stock worth $562,000 after acquiring an additional 3,199 shares during the period. Finally, Ashler Capital LLC acquired a new position in Dover during the third quarter worth $44,080,000. Hedge funds and other institutional investors own 90.70% of the company’s stock.

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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Analyst Recommendations for Dover (NYSE:DOV)

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