Dover Corp (NYSE:DOV) VP William Spurgeon sold 13,102 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $87.19, for a total value of $1,142,363.38. Following the completion of the sale, the vice president now directly owns 6,393 shares in the company, valued at $557,405.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:DOV opened at $86.82 on Friday. The firm has a market cap of $12.70 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.96 and a current ratio of 1.37. Dover Corp has a 1 year low of $65.83 and a 1 year high of $90.26.
Dover (NYSE:DOV) last announced its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.14. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 24.90% and a net margin of 7.84%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. On average, research analysts predict that Dover Corp will post 5.75 earnings per share for the current fiscal year.
DOV has been the topic of a number of recent research reports. Zacks Investment Research cut Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Morgan Stanley cut Dover from an “overweight” rating to an “equal” rating and cut their target price for the stock from $94.00 to $89.00 in a research note on Tuesday, December 18th. Barclays increased their target price on Dover from $96.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, October 19th. SunTrust Banks increased their target price on Dover to $91.00 and gave the stock a “hold” rating in a research note on Friday, October 19th. Finally, BMO Capital Markets increased their target price on Dover from $90.00 to $91.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.18.
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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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