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.

Receive Dover Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover Corporation with MarketBeat.com's FREE daily email newsletter.



Like this

Latest


07 October 2017
Veteran filmmaker Kundan Shah passes away
Filmmaker Kundan Shah also ventured into the television industry after directing his first movie. Kundan Shah has given cinema some of the best films and TV shows that we've seen growing up.

07 October 2017
Alien megastructure star KIC 8462852's freaky dimming may be caused by dust
KIC 8462852 is a star that lays 1,480 light-years away in the constellation of Cygnus in the outer edges of the galaxy. No orbiting planet could cause such big dips, so researchers began coming up with possible alternative explanations .

07 October 2017
Estee Lauder Companies, Inc. (T (NYSE:EL) Trading Volume Significantly Lower
Northwestern Mutual Wealth Management Company increased Lauder Estee Cos Inc (EL) stake by 306.64% reported in 2017Q2 SEC filing. Capital World Investors boosted its holdings in shares of Estee Lauder Companies, Inc. (The) by 3.1% during the second quarter.

07 October 2017
Russia, Saudi Arabia to set up $1 billion technology fund
Nasser said Saudi Arabia was also hoping to build greater research partnerships with Russian Federation . Having to compete with Russian Federation in future sales will likely be unwelcome news.

07 October 2017
Mannarino defeats Cilic, reaches Tokyo finals
Schwartzman had a 2-1 tie-break lead - when he lost six of the next seven points - and the first set, eventually. A Schwartzman double fault at 6-6 in the second-set tiebreaker gifted Goffin a chance to serve for the match.

07 October 2017
Qatar 2022 World Cup 'in doubt due to diplomatic crisis'
Since then, development has continued on the infrastructure surrounding the tournament which is said to cost around $200bn. They have a £153 billion ($257 billion) infrastructure program that is deemed a "high-risk project".

07 October 2017
Chemist says VX byproduct was on Kim murder suspect's shirt
Gooi Soon Seong, lawyer for Siti, told reporters that detection of VX on the women was not enough to convict them. Four North Korean suspects fled Malaysia on the day of the murder.

07 October 2017
'Mersal' Gets U/A Certificate, Slated For Diwali Release
Pairing up with him in the film are Kajal Aggarwal, Samantha Ruth Prabhu and Nithya Menen and the rest of the star cast include S. Yes, the Madras high court has finally dismissed a suit moved by a film producer claiming proprietary right over the title.

07 October 2017
@RSSorg Chief Mohan Bhagwat escapes major accident on Yamuna Expressway in Mathura
Singh said the accident happened after the pilot vehicle in Bhagwat's cavalcade had a flat tyre bringing it to a sudden halt. RSS chief Mohan Bhagwat's convoy met with an accident on Friday, while he was travelling to Vrindavan from New Delhi.

07 October 2017
Supporting Narendra Modi was a mistake: Arun Shourie
They had held the decision of demonetisation and poor implementation of GST for the drop in GDP growth rate and job opportunities. Shourie claimed that major economic policies are being decided in "a sealed echo chamber" of "2.5 persons".



Recommended