Media coverage about Dover (NYSE:DOV) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dover earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.4339338276816 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
DOV has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “hold” rating and set a $100.00 price target on shares of Dover in a report on Thursday, January 4th. Stifel Nicolaus reiterated a “hold” rating and set a $112.00 price target (up from $100.00) on shares of Dover in a report on Tuesday, January 16th. Zacks Investment Research upgraded Dover from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Friday, January 19th. UBS initiated coverage on Dover in a research report on Monday, January 22nd. They issued a “neutral” rating for the company. Finally, BMO Capital Markets reissued a “buy” rating on shares of Dover in a research report on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $107.00.
NYSE:DOV traded down $0.28 during trading hours on Tuesday, hitting $94.02. 933,627 shares of the company’s stock traded hands, compared to its average volume of 1,359,331. The firm has a market capitalization of $14,494.27, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.23 and a beta of 1.30. Dover has a 52 week low of $76.47 and a 52 week high of $109.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.40.
Dover (NYSE:DOV) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Dover had a return on equity of 15.24% and a net margin of 10.37%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. equities analysts forecast that Dover will post 5.86 earnings per share for the current fiscal year.
In related news, insider Stephen Gary Kennon sold 15,702 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $102.01, for a total transaction of $1,601,761.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Anthony K. Kosinski sold 895 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $104.34, for a total value of $93,384.30. Following the transaction, the vice president now owns 8,516 shares in the company, valued at approximately $888,559.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,897 shares of company stock valued at $2,031,745. Corporate insiders own 2.60% of the company’s stock.
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Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.
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