Bernstein Upgrades Dover Corp to Outperform

Brokerage firm Bernstein Upgrades its rating on Dover Corp(NYSE:DOV). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Bernstein was issued on Jun 10, 2016.

In a different note, On Jun 8, 2016, Baird said it Upgrades its rating on Dover Corp. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 8, 2016, Citigroup said it Maintains its rating on Dover Corp. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 10, 2016, Bank of America said it Upgrades its rating on Dover Corp. The shares have been rated ‘Buy’ by the firm. On Apr 25, 2016, Seaport Global said it Downgrades its rating on Dover Corp. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Citigroup said it Maintains its rating on Dover Corp. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 17, 2016, Barclays said it Maintains its rating on Dover Corp. In the research note, the firm Lowers the price-target to $58.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Dover Corp (DOV) made into the market gainers list on Wednesdays trading session with the shares advancing 0.10% or 0.07 points. Due to strong positive momentum, the stock ended at $69.67, which is also near the day’s high of $70.43. The stock began the session at $69.46 and the volume stood at 16,84,276 shares. The 52-week high of the shares is $73.92 and the 52 week low is $50.91. The company has a current market capitalization of $10,809 M and it has 15,51,48,750 shares in outstanding.

Dover Corp(DOV) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.62B. Analysts had an estimated revenue of $1.59B. Earnings per share were $0.52. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On May 21, 2015, Robert Livingston (CEO and President) sold 5,000 shares at $76.84 per share price.Also, On Feb 20, 2015, C. Anderson Fincher (Vice President) sold 3,698 shares at $74.33 per share price.On Feb 9, 2015, Michael B Stubbs (director) sold 69,000 shares at $72.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Dover Corporation (Dover) is engaged in the manufacturing of equipment components and specialty systems. The Company also provides supporting engineering testing and other services. The Company operates through four business segments: Energy Engineered Systems Fluids and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production Bearings & Compression and Automation end markets and provides solutions and services for production and processing of oil natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling chemical hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

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