Could Dover Corp (DOV) Skyrocket Even More? The Stock Just Made 52-Week High

September 17, 2017 - By Adrian Erickson

Investors sentiment increased to 0.96 in Q4 2016. Its up 0.03, from 0.93 in 2016Q3. It is positive, as 50 investors sold Dover Corp shares while 193 reduced holdings. 70 funds opened positions while 163 raised stakes. 130.37 million shares or 0.60% more from 129.60 million shares in 2016Q3 were reported.
Profund Advsrs Ltd Liability Company has 5,583 shares. Hsbc Public Ltd Company owns 138,138 shares for 0.02% of their portfolio. Private Advisor Grp Ltd has 0.01% invested in Dover Corp (NYSE:DOV). Thompson Davis & holds 593 shares or 0.07% of its portfolio. King Luther Cap Mgmt Corp reported 3,406 shares. State Street Corp has invested 0.07% of its portfolio in Dover Corp (NYSE:DOV). Quantitative Invest Management Limited Co stated it has 114,700 shares or 0.22% of all its holdings. Middleton Ma reported 0.13% stake. Goldman Sachs Gp reported 1.33M shares. Oakworth has invested 0.01% of its portfolio in Dover Corp (NYSE:DOV). Mariner Wealth Advsr Limited holds 0.02% of its portfolio in Dover Corp (NYSE:DOV) for 5,714 shares. Apg Asset Mgmt Nv has 0.02% invested in Dover Corp (NYSE:DOV). Mcdaniel Terry & has invested 3.42% in Dover Corp (NYSE:DOV). Principal Fin Incorporated stated it has 231,564 shares or 0.02% of all its holdings. Boston Private Wealth Limited Liability Co holds 0.05% or 17,457 shares.

Since May 12, 2017, it had 0 insider buys, and 3 insider sales for $5.83 million activity. $3.33M worth of Dover Corp (NYSE:DOV) was sold by STUBBS MICHAEL B.

The stock of Dover Corp (NYSE:DOV) hit a new 52-week high and has $97.89 target or 9.00 % above today’s $89.81 share price. The 8 months bullish chart indicates low risk for the $13.99 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $97.89 price target is reached, the company will be worth $1.26B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.26% or $0.23 on September 15, reaching $89.81. About 1.12 million shares traded or 21.79% up from the average. Dover Corp (NYSE:DOV) has risen 29.68% since September 17, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Investors wait Dover Corp (NYSE:DOV) to report on October, 18. its quarterly earnings Wall Street analysts expect $1.13 earnings per share, up $0.26 or 29.89 % from last year’s $0.87 same quarter earnings. This translates into $176.02M profit for DOV giving the stock a 19.87 P/E. This is assuming the current $1.13 EPS is accurate. Dover Corp’s Wall Street analysts see 8.65 % EPS growth, taking into account the $1.04 EPS reproted in the previous quarter,

Dover Corp (NYSE:DOV) Ratings Coverage

Among 21 analysts covering Dover (NYSE:DOV), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Dover has $95.0 highest and $51 lowest target. $78.54’s average target is -12.55% below currents $89.81 stock price. Dover had 70 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, July 20 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Hold” rating by Stifel Nicolaus given on Friday, April 21. The firm has “Buy” rating given on Tuesday, January 3 by Vertical Research. Nomura maintained it with “Buy” rating and $77 target in Monday, March 7 report. The firm has “Mkt Perform” rating given on Friday, January 15 by Bernstein. The rating was maintained by Oppenheimer on Thursday, July 20 with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, December 13. The company was downgraded on Monday, January 18 by Bernstein. The firm has “Hold” rating by Oppenheimer given on Tuesday, August 8. The stock of Dover Corp (NYSE:DOV) has “Equal-Weight” rating given on Thursday, March 17 by Barclays Capital.

More notable recent Dover Corp (NYSE:DOV) news were published by: Streetinsider.com which released: “Form 8-K DOVER Corp For: Sep 14” on September 14, 2017, also Nasdaq.com with their article: “Dover Corporation (DOV) Ex-Dividend Date Scheduled for August 29, 2017” published on August 28, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Dover Corp, Corning and Aircastle” on August 25, 2017. More interesting news about Dover Corp (NYSE:DOV) were released by: Reuters.com and their article: “Dover considering sale of upstream energy unit” published on September 12, 2017 as well as Seekingalpha.com‘s news article titled: “Dover Looking To Exit Energy” with publication date: September 15, 2017.

Dover Corporation is a diversified global maker delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The company has market cap of $13.99 billion. The Company’s divisions include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. It has a 22.49 P/E ratio. The Company’s Energy segment is a well-known provider of solutions and services for production and processing of fuels around the world.

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