News stories about Dover (NYSE:DOV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dover earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.5009713526898 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- PURE PREPS: Dover lineman Chase Heath picked for PSFCA East-West All-Star Football Game (yorkdispatch.com)
- Dover Corp. (DOV) PT Raised to $109 at Deutsche Bank; Remains Sidelined (streetinsider.com)
- Dover’s IT chief supports growth (smartbrief.com)
- These Opposites Attract Investors (money.usnews.com)
- Mayor concerned about future of old Dover courthouse (fosters.com)
Dover (NYSE:DOV) opened at $96.20 on Friday. Dover has a 12-month low of $75.51 and a 12-month high of $109.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.01. The stock has a market capitalization of $14,990.00, a price-to-earnings ratio of 18.68, a PEG ratio of 1.35 and a beta of 1.28.
A number of brokerages have commented on DOV. SunTrust Banks increased their price objective on Dover to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Dover from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a research report on Friday, January 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $100.00 price objective on shares of Dover in a research report on Thursday, December 14th. Royal Bank of Canada reiterated a “hold” rating and issued a $100.00 price objective on shares of Dover in a research report on Thursday, January 4th. Finally, Morgan Stanley increased their price objective on Dover from $110.00 to $113.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $104.42.
In other Dover news, VP William T. Bosway sold 6,087 shares of Dover stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.66, for a total transaction of $576,195.42. Following the transaction, the vice president now directly owns 21,877 shares in the company, valued at $2,070,876.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Goldberg sold 2,430 shares of Dover stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $93.50, for a total value of $227,205.00. The disclosure for this sale can be found here. Insiders sold a total of 10,876 shares of company stock worth $1,026,090 over the last 90 days. 2.50% of the stock is owned by corporate insiders.
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Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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