Oppenheimer Keeps a Hold Rating on Dover Corp

By Austin Angelo

In a report released yesterday, Jim Giannakouros from Oppenheimer reiterated a Hold rating on Dover Corp (NYSE: DOV). The company’s shares closed yesterday at $83.50, close to its 52-week high of $84.40.

According to TipRanks.com, Giannakouros is a 3-star analyst with an average return of 3.6% and a 54.6% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.

Currently, the analyst consensus on Dover Corp is Hold and the average price target is $87.33, representing a 4.6% upside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a $89 price target.

Dover Corp’s market cap is currently $13B and has a P/E ratio of 22.52. The company has a book value ratio of 3.2879.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Anderson Fincher, the VP of DOV sold 15,638 shares for a total of $1,248,694.

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. It operates through the following segments: Energy, Engineered Systems, Fluids, and Refrigeration & 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 & 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.