Economy

Analysts Expect Dover Corporation (DOV) Will Announce Quarterly Sales of $1.99 Billion

That puts the market capitalization at $14.42 bln.

The company is up by 0.33% percent from yesterday's close.

Trading was light with 130K shares changing hands by the end of trading on Friday. It has a 23.39 P/E ratio. Current price level places the company's stock about -6.06% from the 52-week high and 49.01% away from the 52-week low.

Towle & Co holds 2.6% of its portfolio in Ryerson Holding Corp for 2.09 million shares. Planning Advisors Lc stated it has 6,550 shares. The Wisconsin-based Provident Trust Co has invested 6.07% in the stock. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. The lowest sales estimate is $1.96 billion and the highest is $2.02 billion. The shares were sold at an average price of $87.04, for a total transaction of $2,176,000.00. Executives own 2.50% of the firms stock. Bessemer Group Inc. now owns 582,978 shares of the industrial products company's stock worth $43,683,000 after buying an additional 580,899 shares during the last quarter. Wedbush maintained it with "Outperform" rating and $85.0 target in Wednesday, November 16 report. This dividend amount was represent a yield of $2.03. Volume was down 90.29% under the stocks average daily volume. About 198,621 shares traded. Dover Corp (NYSE:DOV) has risen 29.68% since October 4, 2016 and is uptrending. It has underperformed by 18.72% the S&P500. The company posted earnings of $1.99 B for the period, compared to analysts' anticipations of $1.94 B. for the same period in the prior fiscal year, company reported $0.76 EPS. Next quarter's EPS is forecasted at $1.04 and the next full year EPS is anticipated to be $4.52. DOV's profit will be $175.97 million for 20.76 P/E if the $1.13 EPS becomes a reality. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03. Thompson Davis owns 233 shares.

Investors sentiment is 0.91 in 2017 Q2. Its the same as in 2017Q1.

A number of large investors have recently added to or reduced their stakes in the business. 132.81 million shares or 1.53% more from 130.80 million shares in 2017Q1 were reported. Cantab Prtnrs Llp stated it has 0% in Dover Corp (NYSE:DOV). Mutual Of America Mgmt Limited Liability reported 25,564 shares or 0.04% of all its holdings. Wetherby Asset invested in 0.05% or 3,397 shares.

For this year, Dover Corporation (NYSE:DOV) is performing 23.44%.

Oakbrook Investments Ltd Llc has 0.07% invested in Dover Corp (NYSE:DOV).

Shares of Dover Corporation (DOV) traded up 0.33% on Tuesday, hitting $94.07. The stock of Dover Corp (NYSE:DOV) has "Neutral" rating given on Friday, October 7 by Susquehanna. Mai Mgmt holds 0.02% or 3,956 shares. Frontier Investment reported 123,304 shares. Umb Natl Bank N A Mo has invested 0.04% of its portfolio in Dover Corp (NYSE:DOV). State Board Of Administration Of Florida Retirement accumulated 0.05% or 230,239 shares. Over the last quarter, shares have performed 12.73%. Exxonmobil Inv Tx holds 0.06% or 29,888 shares in its portfolio. J P Morgan Chase & Co upgraded Dover Corporation from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $80.00 to $105.00 in a report on Wednesday, September 20th. Therefore 61% are positive. Sciencast Management LP's holdings in Dover Corporation were worth $1,045,000 at the end of the most recent reporting period. The rating was downgraded by Vertical Research to "Hold" on Tuesday, March 8.

ILLEGAL ACTIVITY NOTICE: "Dover Corporation (DOV) Expected to Announce Quarterly Sales of $1.99 Billion" was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune.

07/21/2017 - Dover Corporation had its "hold" rating reiterated by analysts at Stifel Nicolaus. Barclays Capital maintained the stock with "Equalweight" rating in Monday, July 18 report. Morgan Stanley boosted their price objective on shares of Dover Corporation from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Tuesday, September 19th. Roth Capital maintained the shares of NKTR in report on Wednesday, August 30 with "Buy" rating. The company was maintained on Thursday, July 27 by Barclays Capital. The rating was downgraded by UBS on Wednesday, January 13 to "Sell".

Since May 12, 2017, it had 0 insider buys, and 3 selling transactions for $5.83 million activity.

In related news, Director Michael B. Stubbs sold 25,000 shares of Dover Corporation stock in a transaction dated Friday, August 4th. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.60% with $154.22 Million sitting short, betting on future declines.

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