Dover Corp Gets a Hold Rating from SunTrust Robinson

By Carrie Williams

SunTrust Robinson analyst Charles Brady reiterated a Hold rating on Dover Corp (NYSE: DOV) today and set a price target of $90. The company’s shares opened today at $93.55, close to its 52-week high of $94.50.

According to TipRanks.com, Brady is a 5-star analyst with an average return of 20.5% and a 83.1% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Carlisle Companies Inc, and Circor International.

Currently, the analyst consensus on Dover Corp is Moderate Buy and the average price target is $94.33, representing a 0.8% upside.

In a report issued on October 2, Stifel Nicolaus also reiterated a Hold rating on the stock with a $91 price target.

Dover Corp’s market cap is currently $14.61B and has a P/E ratio of 23.53. The company has a book value ratio of 3.5878.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.

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Dover Corp. engages in the manufacture of equipment, components, and specialty systems. It also provides supporting engineering, testing, and other similar services. It operates through the following segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment.