The stock of Dover Corp (NYSE:DOV) is a huge mover today! About 1.56 million shares traded hands. Dover Corp (NYSE:DOV) has risen 4.54% since April 27, 2016 and is uptrending. It has underperformed by 0.69% the S&P500.
The move comes after 9 months positive chart setup for the $11.31B company. It was reported on Nov, 30 by Barchart.com. We have $78.25 PT which if reached, will make NYSE:DOV worth $678.60M more.
Analysts await Dover Corp (NYSE:DOV) to report earnings on January, 24. They expect $0.80 earnings per share, down 1.23% or $0.01 from last year’s $0.81 per share. DOV’s profit will be $122.57M for 23.07 P/E if the $0.80 EPS becomes a reality. After $0.87 actual earnings per share reported by Dover Corp for the previous quarter, Wall Street now forecasts -8.05% negative EPS growth.
Dover Corp (NYSE:DOV) Ratings Coverage
Out of 19 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 42% are positive. Dover has been the topic of 45 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 5. The stock of Dover Corp (NYSE:DOV) has “Outperform” rating given on Monday, August 31 by Bernstein. The rating was downgraded by UBS on Wednesday, January 13 to “Sell”. The rating was maintained by Citigroup on Wednesday, March 16 with “Neutral”. The firm has “Buy” rating given on Tuesday, May 10 by Bank of America. Stifel Nicolaus maintained it with “Hold” rating and $72 target price in Thursday, October 20 report. The stock has “Sell” rating given by Vertical Research on Wednesday, August 26. The rating was downgraded by Seaport Global on Monday, April 25 to “Neutral”. The stock of Dover Corp (NYSE:DOV) earned “Buy” rating by William Blair on Friday, September 4. The firm has “Neutral” rating by JP Morgan given on Friday, September 11.
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 decreased to 0.93 in 2016 Q2. Its down 0.01, from 0.94 in 2016Q1. The ratio worsened, 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.
Retirement Of Alabama owns 79,096 shares or 0.03% of their US portfolio. Gateway Invest Advisers Lc has 0.01% invested in the company for 11,722 shares. Ny State Common Retirement Fund has 0.04% invested in the company for 394,700 shares. Moreover, Advisory Services Net Ltd Liability Co has 0.01% invested in Dover Corp (NYSE:DOV) for 406 shares. Panagora Asset Mgmt accumulated 119,371 shares or 0.04% of the stock. Eaton Vance Mgmt, a Massachusetts-based fund reported 407,538 shares. Manchester Cap Mgmt Limited Com accumulated 784 shares or 0.01% of the stock. Bronson Point Limited Com holds 1.46% of its portfolio in Dover Corp (NYSE:DOV) for 63,000 shares. Janus Capital Management Ltd Liability Com accumulated 1.16M shares or 0.07% of the stock. Diamond Hill Cap Management holds 0.18% or 413,445 shares in its portfolio. Mercer Capital Advisers Incorporated owns 701 shares or 0.04% of their US portfolio. State Of Tennessee Treasury Department holds 0.03% of its portfolio in Dover Corp (NYSE:DOV) for 74,404 shares. Cincinnati Fincl Corporation, a Ohio-based fund reported 796,800 shares. Norinchukin State Bank The holds 8,137 shares or 0.01% of its portfolio. Vnbtrust Association last reported 3,432 shares in the company.
Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 6 selling transactions for $3.67 million net activity. Another trade for 1,420 shares valued at $104,262 was sold by Fincher C. Anderson. 565 Dover Corp (NYSE:DOV) shares with value of $38,832 were sold by Arkell Sandra A. Another trade for 17,170 shares valued at $1.23M was sold by Spurgeon William. Kloosterboer Jay L sold $807,889 worth of stock or 11,501 shares. $129,836 worth of Dover Corp (NYSE:DOV) was sold by Goldberg Paul. STUBBS MICHAEL B had sold 19,000 shares worth $1.36 million.
Another recent and important Dover Corp (NYSE:DOV) news was published by Investorplace.com which published an article titled: “Why Now May Be the Time to Dump Dover Corp (DOV)” on November 09, 2016.
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.
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