Dover Corp(NYSE:DOV) Declares Dividend of $0.4400.

Dover Corp (NYSE:DOV) had declared a cash dividend of $0.4400 on Aug 5, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 5, 2016 share price, the yield comes out to be 2.4276%. The dividend payable date has been fixed on Sep 15, 2016.

In a different note, On Jul 18, 2016, Barclays said it Maintains its rating on Dover Corp. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 10, 2016, Bernstein said it Upgrades its rating on Dover Corp. The shares have been rated ‘Outperform’ by the firm. 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.

Dover Corp (DOV) shares turned negative on Wednesdays trading session with the shares closing down -0.35 points or -0.47% at a volume of 8,25,538. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $74.27. The peak price level was also seen at $74.27 while the days lowest was $73.62. Finally the shares closed at $73.88. The 52-week high of the shares is $74.74 while the 52-week low is $50.91. According to the latest information available, the market cap of the company is $11,467 M.

Dover Corp(DOV) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.69B. Analysts had an estimated revenue of $1.71B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.85.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Robert Livingston (CEO and President) sold 25,927 shares at $69.24 per share price.Also, On Jul 28, 2016, William Spurgeon (Vice President) sold 17,170 shares at $71.65 per share price.On Feb 20, 2015, C. Anderson Fincher (Vice President) sold 3,698 shares at $74.33 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *