Dover (NYSE:DOV) Rating Improved

Dover (NYSE:DOV)’s stock was boosted to “Overweight” by stock research analysts at Morgan Stanley. DOV’s “Equal-Weight” rating is no longer valid.

Despite the stock upgrade NYSE:DOV is right now trading 0.00% lower at $80.35 as of 2:03 AM New York time. Dover shares have [From2] 0% over the past 200 days, while the Standard & Poor’s 500 index has added 14.06% in the same time.

According to data compiled by Thomson Reuters, Dover (NYSE:DOV)’s stock is covered by 14 equity analysts across the Street, with 2 analysts giving it a Sell rating, 3 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $70.57, which reflects an downside potential of 12.17% over the current price.

Institutional Ownership

Cincinnati Indemnity Co had the largest stake with ownership of 29,000 shares as of Q2 2015 for 9.33% of the stock exposure. Inverness Counsel Llc Ny is another notably bullish active investment manager who is owning 1.14 million shares of Dover or 6.63% of their stock exposure. Also, Cincinnati Casualty Co have 6.55% of their stock exposure invested in the company for 90,000 shares. The Oregon-based fund Peregrine Asset Advisers Inc. disclosed it had purchased so far a stake worth about 4.7% of the active investment manager’s stock portfolio in Dover. The New York-based fund Lodge Hill Capital Llc is also positive about the stock, possessing 101,451 shares or 4.18% of their stock exposure.

Dover (NYSE:DOV) Profile

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.

Dover (NYSE:DOV) closed at $80.35 yesterday. A total of 13 shares of the company’s stock traded hands. This is down from average of 1.16M shares. Dover has a 52 week low of $61.64 and a 52 week high of $82.56. The company has a market cap of $12.55B and a P/E ratio of 24.72.

Get the latest Dover (NYSE:DOV) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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