Dover Corp Receives a Hold from RBC Capital

By Austin Angelo

RBC Capital analyst Deane Dray reiterated a Hold rating on Dover Corp (NYSE: DOV) on March 8 and set a price target of $86. The company’s shares closed last Friday at $76.81.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.2% and a 60.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Dover Corp is Hold and the average price target is $86, representing an 12.0% upside.

In a report issued on February 21, BMO Capital also initiated coverage with a Hold rating on the stock with a $82 price target.

The company has a one year high of $82.56 and a one year low of $58.91. Currently, Dover Corp has an average volume of 1.12M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Stubbs, a Director at DOV sold 20,000 shares for a total of $1,606,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. The firm operates through through the following segments: Energy, Engineered Systems, Fluids, and Refrigeration and Food Equipment. The Energy segment services include drilling and production; bearings and compression; and automation end markets. The Engineered Systems segment comprises of platforms the printing and identification as well as industrials; and is focused on the design, manufacture, and service of critical equipment and components. The Fluids segment services involves fluid transfer and pumps end markets. The Refrigeration and Food Equipment segment provides energy equipment and systems serving the commercial refrigeration; and food service industries. The company was founded by George L. Ohrstrom in 1947 and is headquartered in Downers Grove, IL.