News articles about Dover Corp (NYSE:DOV) have trended somewhat positive this week, according to AlphaOne Sentiment. The research group, a service of Accern, identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dover Corp earned a media sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave headlines about the industrial products company an impact score of 72 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Alpha One’s scoring:
- Dover Set to Possibly Pullback After Yesterday’s Rally of 2.42% (mysmartrend.com)
- Dover Police Investigating Wednesday Night Shooting (wboc.com)
- BEST BETS: Ballet Theatre of Dover explores ‘Seven Deadly Sins’ (delawarestatenews.net)
- Metatron ($MRNJ) Public Marijuana Company Deal (marketwatch.com)
- Dover smoke stack has new life (fosters.com)
Several equities analysts have recently commented on the company. Citigroup Inc raised their price target on Dover Corp from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. BMO Capital Markets began coverage on Dover Corp in a research note on Wednesday, February 22nd. They issued a “market perform” rating and a $82.00 target price on the stock. Morgan Stanley upgraded Dover Corp from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $85.00 to $90.00 in a research note on Monday, April 3rd. Royal Bank of Canada set a $73.00 target price on Dover Corp and gave the company a “hold” rating in a research note on Thursday, January 26th. Finally, Stifel Nicolaus lifted their target price on Dover Corp from $76.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, January 27th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $84.55.
Shares of Dover Corp (NYSE:DOV) traded up 2.86% during midday trading on Friday, reaching $83.14. The company’s stock had a trading volume of 2,519,789 shares. Dover Corp has a 12-month low of $63.93 and a 12-month high of $83.59. The stock’s 50-day moving average price is $79.84 and its 200-day moving average price is $77.18. The company has a market cap of $12.94 billion, a P/E ratio of 22.47 and a beta of 1.18.
Dover Corp (NYSE:DOV) last released its quarterly earnings data on Thursday, April 20th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.48. Dover Corp had a return on equity of 12.35% and a net margin of 7.49%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that Dover Corp will post $4.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a $0.44 dividend. The ex-dividend date is Friday, May 26th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.18%. Dover Corp’s payout ratio is currently 53.99%.
In other news, VP Sandra A. Arkell sold 1,850 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $79.94, for a total value of $147,889.00. Following the transaction, the vice president now owns 10,742 shares in the company, valued at approximately $858,715.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP C. Anderson Fincher sold 15,638 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $79.85, for a total value of $1,248,694.30. Following the completion of the transaction, the vice president now owns 32,842 shares in the company, valued at approximately $2,622,433.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,352 shares of company stock worth $3,641,533. Company insiders own 2.60% of the company’s stock.
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About Dover Corp
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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