The stock of Dover Corp (NYSE:DOV) is a huge mover today! About 1.12M shares traded hands. Dover Corp (NYSE:DOV) has risen 5.99% since March 16, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.
The move comes after 5 months positive chart setup for the $10.87B company. It was reported on Oct, 19 by Barchart.com. We have $90.45 PT which if reached, will make NYSE:DOV worth $3.15 billion more.
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 firm has “Mkt Perform” rating by Bernstein given on Friday, January 15. On Wednesday, June 8 the stock rating was maintained by Citigroup with “Neutral”. Nomura maintained it with “Buy” rating and $77 target price in Monday, March 7 report. As per Friday, June 10, the company rating was upgraded by Bernstein. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 5. The rating was upgraded by Robert W. Baird to “Outperform” on Wednesday, June 8. The firm has “Neutral” rating given on Friday, September 11 by JP Morgan. The rating was maintained by Citigroup with “Neutral” on Tuesday, April 19. The rating was upgraded by Bank of America on Tuesday, May 10 to “Buy”. The firm earned “Equalweight” rating on Monday, July 18 by Barclays Capital.
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 2016 Q2. Its up 0.10, from 0.84 in 2016Q1. The ratio improved, 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.
Rathbone Brothers Plc owns 18,680 shares or 0.07% of their US portfolio. Hallmark Cap Mgmt owns 2,145 shares or 0.02% of their US portfolio. Wetherby Asset Mgmt Inc holds 0.06% or 3,849 shares in its portfolio. Lpl Fincl Lc accumulated 0.01% or 14,193 shares. Balyasny Asset Mngmt Ltd accumulated 0.37% or 822,377 shares. Banque Pictet Cie holds 0.01% or 4,700 shares in its portfolio. Birch Hill Invest Ltd Liability Com holds 0.05% or 6,636 shares in its portfolio. Credit Suisse Ag last reported 0.05% of its portfolio in the stock. Seaward Limited Partnership accumulated 0.1% or 25,680 shares. High Point Natl Bank has invested 0.01% of its portfolio in Dover Corp (NYSE:DOV). Geode Capital Mngmt Limited Liability Company has invested 0.05% of its portfolio in Dover Corp (NYSE:DOV). Moreover, Westpac Banking has 0% invested in Dover Corp (NYSE:DOV) for 6,700 shares. Cambridge Invest Rech Advsrs holds 0.01% of its portfolio in Dover Corp (NYSE:DOV) for 3,790 shares. Jfs Wealth Advsr Ltd Company owns 3,800 shares or 0.07% of their US portfolio. Cibc Ww accumulated 5,200 shares or 0% of the stock.
Insider Transactions: Since July 26, 2016, the stock had 0 buys, and 3 sales for $1.46 million net activity. Fincher C. Anderson had sold 1,420 shares worth $104,262 on Monday, August 8. 17,170 shares with value of $1.23 million were sold by Spurgeon William on Tuesday, July 26. 1,800 shares were sold by Goldberg Paul, worth $129,836.
More notable recent Dover Corp (NYSE:DOV) news were published by: Nasdaq.com which released: “Will Dover Corp (DOV) Disappoint This Earnings Season?” on October 17, 2016, also Streetinsider.com with their article: “Form 8-K DOVER Corp For: Oct 19” published on October 19, 2016, Investorplace.com published: “Is It Time to Offload Dover Corp Stock? (DOV)” on October 14, 2016. More interesting news about Dover Corp (NYSE:DOV) were released by: Reuters.com and their article: “BRIEF-UK’s CMA to investigate Dover Corp deal to buy Wayne Fueling Systems” published on October 10, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Dover Corp sees Q3 earnings per share $0.81 to $0.83” with publication date: October 10, 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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