A Director at Dover Corp. (NYSE: DOV) is Selling Shares

By Carrie Williams

Today, a Director at Dover Corp. (NYSE: DOV), Michael Stubbs, sold shares of DOV for $1.36M.

Following Michael Stubbs’ last DOV Sell transaction on February 01, 2016, the stock climbed by 14.2%. In addition to Michael Stubbs, one other DOV executive reported Sell trades in the last month.

The company has a one year high of $74.90 and a one year low of $50.91. DOV’s market cap is $11.02B and the company has a P/E ratio of 22.59. Currently, Dover Corp. has an average volume of 1.09M.

Four different firms, including Deutsche Bank and Goldman Sachs, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $76.67, reflecting a -6.6% downside.

The insider sentiment on Dover Corp. has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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.