Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Dover Corp (DOV) today and set a price target of $97. The company’s shares closed yesterday at $90.18, close to its 52-week high of $93.20.
According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 3.6% and a 46.3% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Gates Industrial Corp Plc, Emerson Electric Company, and Rockwell Automation Inc.
Dover Corp has an analyst consensus of Moderate Buy, with a price target consensus of $87.14.
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Based on Dover Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $142 million. In comparison, last year the company had a net profit of $296 million.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.
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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.
