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Dover (DOV) Receives a Hold from Wells Fargo

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Dover (DOVResearch Report) today and set a price target of $159.00. The company’s shares closed last Friday at $142.85, close to its 52-week low of $138.50.

According to TipRanks.com, O’Dea is a 1-star analyst with an average return of -0.9% and a 42.3% success rate. O’Dea covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Lennox International.

Currently, the analyst consensus on Dover is a Moderate Buy with an average price target of $179.80, representing a 25.7% upside. In a report issued on April 8, Barclays also downgraded the stock to Hold with a $160.00 price target.

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The company has a one-year high of $184.05 and a one-year low of $138.50. Currently, Dover has an average volume of 845.4K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.

Read More on DOV:

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