Is Dover Corp a Buy? The Stock Had Bullish Options Activity Today

 Is Dover Corp a Buy? The Stock Had Bullish Options Activity Today

In today’s session Dover Corp (DOV) registered an unusually high (385) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DOV increase. With 385 contracts traded and 1724 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DOV161118C00075000 closed last at: $2 or 4.8% down. About 79,989 shares traded hands. Dover Corp (NYSE:DOV) has risen 16.06% since March 2, 2016 and is uptrending. It has outperformed by 7.81% the S&P500.

Analysts await Dover Corp (NYSE:DOV) to report earnings on October, 18. They expect $1.03 earnings per share, down 9.65% or $0.11 from last year’s $1.14 per share. DOV’s profit will be $157.95M for 17.84 P/E if the $1.03 EPS becomes a reality. After $0.87 actual earnings per share reported by Dover Corp for the previous quarter, Wall Street now forecasts 18.39% EPS growth.

Dover Corp (NYSE:DOV) Ratings Coverage

Out of 17 analysts covering Dover (NYSE:DOV), 8 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 47% are positive. $86 is the highest target while $51 is the lowest. The $68.27 average target is -7.10% below today’s ($73.49) stock price. Dover has been the topic of 43 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, November 3. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, March 17. The stock of Dover Corp (NYSE:DOV) earned “Neutral” rating by Citigroup on Thursday, January 21. The firm earned “Equal-Weight” rating on Monday, October 5 by Barclays Capital. Barclays Capital maintained Dover Corp (NYSE:DOV) rating on Monday, July 18. Barclays Capital has “Equalweight” rating and $71 price target. The rating was downgraded by UBS on Wednesday, January 13 to “Sell”. The stock of Dover Corp (NYSE:DOV) has “Neutral” rating given on Tuesday, January 12 by Goldman Sachs. Bernstein upgraded the shares of DOV in a report on Monday, August 31 to “Outperform” rating. The firm has “Neutral” rating by Citigroup given on Wednesday, March 16. The company was downgraded on Monday, January 18 by Bernstein.

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.
First City Cap accumulated 6,130 shares or 0.32% of the stock. Dynamic Capital Mgmt Ltd last reported 0.19% of its portfolio in the stock. Corp has 0% invested in the company for 16 shares. Fjarde Ap accumulated 35,249 shares or 0.06% of the stock. Bbva Compass Bankshares, a Texas-based fund reported 31,630 shares. Lowe Brockenbrough And Inc last reported 38,940 shares in the company. Moreover, First Fin Corp In has 0.03% invested in Dover Corp (NYSE:DOV) for 863 shares. Moreover, Bank & Trust Of Nova Scotia has 0% invested in Dover Corp (NYSE:DOV) for 3,086 shares. Barclays Public Ltd Com, a United Kingdom-based fund reported 158,422 shares. Prudential Inc owns 239,683 shares or 0.03% of their US portfolio. The North Carolina-based Atria Invs Ltd Liability has invested 0.04% in Dover Corp (NYSE:DOV). Boothbay Fund Management Ltd Liability Company reported 11,774 shares or 0.39% of all its holdings. Plante Moran Fincl Advsr Limited Liability Corp last reported 2,469 shares in the company. Kbc Gp Nv owns 20,108 shares or 0.02% of their US portfolio. Bartlett & Limited Liability Company holds 4,466 shares or 0.02% of its portfolio.

Insider Transactions: Since July 26, 2016, the stock had 0 insider purchases, and 3 selling transactions for $1.46 million net activity. Another trade for 1,420 shares valued at $104,262 was sold by Fincher C. Anderson. $1.23 million worth of shares were sold by Spurgeon William on Tuesday, July 26. On Wednesday, August 3 Goldberg Paul sold $129,836 worth of the stock or 1,800 shares.

Dover Corporation is engaged in the manufacturing of equipment, components and specialty systems. The company has a market cap of $11.27 billion. The Firm also provides supporting engineering, testing and other services. It has a 21.25 P/E ratio. The Firm operates through four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.

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.

More important recent Dover Corp (NYSE:DOV) news were published by: Seekingalpha.com which released: “Dover Keeps Twisting Its Portfolio” on October 05, 2016, also Fool.com published article titled: “Dover Corp. Cuts Guidance — What Should Investors Do?”, Streetinsider.com published: “Dover Corp. (DOV) Announces $274M Acquisition of Ravaglioli S.p.A. Group” on October 03, 2016. More interesting news about Dover Corp (NYSE:DOV) was released by: Seekingalpha.com and their article: “Dover Needs To Do Better” with publication date: September 08, 2016.

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