In a report released yesterday, Julian Mitchell from Barclays maintained a Buy rating on Dover Corp (DOV), with a price target of $116.00. The company’s shares closed last Monday at $101.38, close to its 52-week high of $104.44.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.6% and a 69.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dover Corp with a $107.00 average price target.
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Dover Corp’s market cap is currently $14.74B and has a P/E ratio of 24.88. The company has a Price to Book ratio of 4.99.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DOV in relation to earlier this year.
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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.
