BMO Capital Initiates Coverage On Dover Corp to Market Perform with Price Target $82

BMO Capital Initiates Coverage On Dover Corp(DOV). In a research note issued to the investors, the brokerage major Announces the price-target to $82 per share. The shares have been rated Market Perform. The rating by the stock financial advisor at BMO Capital was issued on Feb 22, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 3, 2017, Vertical Research said it Upgrades its rating on Dover Corp. The shares have been rated ‘Buy’ by the firm.

Dover Corp (DOV) made into the market gainers list on Wednesdays trading session with the shares advancing 0.05% or 0.04 points. Due to strong positive momentum, the stock ended at $80.92, which is also near the day’s high of $81.86. The stock began the session at $79.84 and the volume stood at 19,12,588 shares. The 52-week high of the shares is $82.32 and the 52 week low is $58.15. The company has a current market capitalization of $12,583 M and it has 15,55,02,310 shares in outstanding.

Dover Corp(DOV) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.778B. Analysts had an estimated revenue of $1.700B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Nov 15, 2016, Jay L Kloosterboer (Senior Vice President) sold 11,501 shares at $70.25 per share price.Also, On Nov 14, 2016, Michael B Stubbs (director) sold 19,000 shares at $71.58 per share price.On Oct 28, 2016, Sandra A Arkell (Vice President and Controller) sold 565 shares at $68.73 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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