Dover (DOV) Receives a Hold from Deutsche Bank

Deutsche Bank analyst Nicole Deblase maintained a Hold rating on Dover (DOVResearch Report) yesterday and set a price target of $132.00. The company’s shares closed last Thursday at $127.44, close to its 52-week low of $116.66.

According to TipRanks.com, Deblase is a 3-star analyst with an average return of 2.2% and a 46.2% success rate. Deblase covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Hydrofarm Holdings Group, and Honeywell International.

Dover has an analyst consensus of Moderate Buy, with a price target consensus of $147.00, representing a 17.3% upside. In a report issued on July 8, Barclays also maintained a Hold rating on the stock with a $128.00 price target.

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Dover’s market cap is currently $18.12B and has a P/E ratio of 16.58.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOV in relation to earlier this year.

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: Engineered Systems, Fluids, and Refrigeration and Food Equipment. The Engineered Systems segment focuses on the design, manufacture, and service of critical equipment and components serving the fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrial end markets. The Fluids segment focuses on the safe handling of critical fluids and gases the retail fueling, chemical, hygienic, and industrial end markets. The Refrigeration and Food Equipment segment provides innovative and energy-efficient equipment and systems serving the commercial refrigeration and food equipment end markets. The company was founded by George L. Ohrstrom in 1947 and is headquartered in Downers Grove, IL.

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