The stock of Dover Corp (NYSE:DOV) is a huge mover today! About 569,559 shares traded hands. Dover Corp (NYSE:DOV) has risen 7.73% since March 9, 2016 and is uptrending. It has outperformed by 0.31% the S&P500.
The move comes after 5 months positive chart setup for the $10.45 billion company. It was reported on Oct, 12 by Barchart.com. We have $85.26 PT which if reached, will make NYSE:DOV worth $2.82B more.
Analysts await Dover Corp (NYSE:DOV) to report earnings on October, 18. They expect $1.03 EPS, down 9.65% or $0.11 from last year’s $1.14 per share. DOV’s profit will be $160.34M for 16.29 P/E if the $1.03 EPS becomes a reality. After $0.87 actual EPS reported by Dover Corp for the previous quarter, Wall Street now forecasts 18.39% EPS growth.
Dover Corp (NYSE:DOV) Ratings Coverage
Out of 18 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. Dover has been the topic of 44 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, March 16 by Citigroup. The company was downgraded on Wednesday, January 13 by UBS. The stock has “Mkt Perform” rating given by Bernstein on Friday, January 15. The rating was downgraded by Vertical Research on Tuesday, March 8 to “Hold”. As per Friday, September 11, the company rating was upgraded by JP Morgan. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. The stock of Dover Corp (NYSE:DOV) has “Outperform” rating given on Friday, June 10 by Bernstein. The stock of Dover Corp (NYSE:DOV) earned “Neutral” rating by Susquehanna on Friday, October 7. The firm has “Buy” rating by Nomura given on Monday, March 7. The firm earned “Neutral” rating on Tuesday, April 19 by Citigroup.
According to Zacks Investment Research, “Dover Corporation is a world-wide, diversified manufacturer of industrial products. The company’s businesses are divided into the following four business segments: Dover Diversified; Dover Industries; Dover Resources; and Dover Technologies.”
Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.10, from 0.84 in 2016Q1. The ratio increased, as 38 funds sold all Dover Corp shares owned while 196 reduced positions. 61 funds bought stakes while 158 increased positions. They now own 132.11 million shares or 2.85% less from 135.99 million shares in 2016Q1.
Herndon Capital Ltd Llc has 0% invested in the company for 14 shares. Reliance Tru Co Of Delaware last reported 7,512 shares in the company. Dubuque National Bank & Tru accumulated 2,022 shares or 0.03% of the stock. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 5,000 shares. Bahl Gaynor holds 0.08% or 93,874 shares in its portfolio. Cullen Frost Bankers, a Texas-based fund reported 16,223 shares. Fund Management reported 10,300 shares or 0.01% of all its holdings. Oppenheimer accumulated 0.05% or 24,490 shares. Wesbanco National Bank Inc holds 0.03% of its portfolio in Dover Corp (NYSE:DOV) for 8,150 shares. Veritable L P has 4,044 shares for 0.01% of their US portfolio. Credit Agricole S A, a France-based fund reported 116,173 shares. Elm Ltd Limited Liability Company holds 3,285 shares or 0.22% of its portfolio. The Connecticut-based Hartford Investment Com has invested 0.05% in Dover Corp (NYSE:DOV). Pictet Asset Management Limited holds 89,544 shares or 0.02% of its portfolio. Fulton Fincl Bank Na has invested 0.05% of its portfolio in Dover Corp (NYSE:DOV).
Insider Transactions: Since July 26, 2016, the stock had 0 insider buys, and 3 selling transactions for $1.46 million net activity. $1.23M worth of Dover Corp (NYSE:DOV) was sold by Spurgeon William on Tuesday, July 26. Fincher C. Anderson had sold 1,420 shares worth $104,262 on Monday, August 8. Goldberg Paul sold 1,800 shares worth $129,836.
More news for Dover Corp (NYSE:DOV) were recently published by: Reuters.com, which released: “BRIEF-Dover Corp sees Q3 earnings per share $0.81 to $0.83” on October 10, 2016. Reuters.com‘s article titled: “BRIEF-UK’s CMA to investigate Dover Corp deal to buy Wayne Fueling Systems” and published on October 10, 2016 is yet another important article.
DOV Company Profile
Dover Corporation (Dover), incorporated on April 22, 1947, is engaged in the manufacturing of equipment, components and specialty systems. The Firm also provides supporting engineering, testing and other services. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Company’s businesses are based in the United States and Europe with manufacturing and other activities across the world. The Company’s clients include businesses supplying the waste and recycling; agricultural; defense; energy; automotive and commercial refrigeration industries; businesses supplying the power generation; aerospace, and chemical industries.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.