Citigroup analyst Andrew Kaplowitz maintained a Buy rating on Dover Corp (DOV) today and set a price target of $115.00. The company’s shares closed last Monday at $101.67, close to its 52-week high of $104.44.
According to TipRanks.com, Kaplowitz is a 2-star analyst with an average return of -0.2% and a 49.2% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Circor International.
Dover Corp has an analyst consensus of Moderate Buy, with a price target consensus of $109.25, which is a 7.6% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $116.00 price target.
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Based on Dover Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $198 million. In comparison, last year the company had a net profit of $157 million.
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.
