$1.13 EPS Expected for Dover Corp (DOV)

September 17, 2017 - By Marie Mckinney

 $1.13 EPS Expected for Dover Corp (DOV)
Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.03, from 0.93 in 2016Q3. It is positive, as 50 investors sold Dover Corp shares while 193 reduced holdings. 70 funds opened positions while 163 raised stakes. 130.37 million shares or 0.60% more from 129.60 million shares in 2016Q3 were reported.
Cibc Ww Markets, New York-based fund reported 10,658 shares. Kansas-based Creative Planning has invested 0.09% in Dover Corp (NYSE:DOV). 7,633 are owned by Bremer National Association. Meiji Yasuda Life Ins has invested 0.2% in Dover Corp (NYSE:DOV). Tcw Grp Inc Incorporated reported 53,584 shares or 0.03% of all its holdings. Essex Financial, Connecticut-based fund reported 3,101 shares. Connors Investor Serv reported 0.07% in Dover Corp (NYSE:DOV). Federated Investors Inc Pa holds 0% of its portfolio in Dover Corp (NYSE:DOV) for 3,713 shares. Hennessy Advisors holds 0.07% of its portfolio in Dover Corp (NYSE:DOV) for 30,900 shares. Assetmark has 126 shares for 0% of their portfolio. Train Babcock Advsr Limited reported 7,200 shares. The Florida-based Texas Yale Capital has invested 0.09% in Dover Corp (NYSE:DOV). The Connecticut-based Webster Savings Bank N A has invested 0% in Dover Corp (NYSE:DOV). Patten Gp holds 5,182 shares. Supplemental Annuity Collective Trust Of Nj accumulated 7,700 shares.

Since May 12, 2017, it had 0 insider buys, and 3 insider sales for $5.83 million activity. Fincher C. Anderson sold $1.25 million worth of Dover Corp (NYSE:DOV) on Friday, May 12.

Analysts await Dover Corp (NYSE:DOV) to report earnings on October, 18. They expect $1.13 EPS, up 29.89 % or $0.26 from last year’s $0.87 per share. DOV’s profit will be $176.02M for 19.87 P/E if the $1.13 EPS becomes a reality. After $1.04 actual EPS reported by Dover Corp for the previous quarter, Wall Street now forecasts 8.65 % EPS growth. The stock decreased 0.26% or $0.23 on September 15, reaching $89.81. About 1.12 million shares traded or 21.79% up from the average. Dover Corp (NYSE:DOV) has risen 29.68% since September 17, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Dover Corp (NYSE:DOV) Ratings Coverage

Among 21 analysts covering Dover (NYSE:DOV), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Dover had 70 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Monday, January 18 by Bernstein. Suntrust Robinson initiated the shares of DOV in report on Tuesday, November 3 with “Buy” rating. The firm earned “Hold” rating on Wednesday, June 7 by Oppenheimer. BMO Capital Markets maintained Dover Corp (NYSE:DOV) on Thursday, July 20 with “Buy” rating. The rating was maintained by Oppenheimer on Tuesday, August 8 with “Hold”. The firm earned “Buy” rating on Tuesday, January 3 by Vertical Research. Bernstein downgraded Dover Corp (NYSE:DOV) on Friday, January 15 to “Mkt Perform” rating. The firm earned “Buy” rating on Tuesday, November 3 by SunTrust. Nomura maintained Dover Corp (NYSE:DOV) rating on Monday, March 7. Nomura has “Buy” rating and $77 target. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, July 4.

Dover Corporation is a diversified global maker delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The company has market cap of $13.99 billion. The Company’s divisions include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. It has a 22.49 P/E ratio. The Company’s Energy segment is a well-known provider of solutions and services for production and processing of fuels around the world.

More notable recent Dover Corp (NYSE:DOV) news were published by: Reuters.com which released: “Dover considering sale of upstream energy unit” on September 12, 2017, also Reuters.com with their article: “BRIEF-Dover Corp exploring strategic alternatives for the separation of its …” published on September 12, 2017, Streetinsider.com published: “Form 8-K DOVER Corp For: Sep 14” on September 14, 2017. More interesting news about Dover Corp (NYSE:DOV) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Dover Corp, Corning and Aircastle” published on August 25, 2017 as well as Nasdaq.com‘s news article titled: “Dover Corporation (DOV) Ex-Dividend Date Scheduled for August 29, 2017” with publication date: August 28, 2017.

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