Dover (DOV) Receives a Hold from Morgan Stanley
In a report released today, Christopher Snyder from Morgan Stanley maintained a Hold rating on Dover, with a price target of $195.00.
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Snyder covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation, and WW Grainger. According to TipRanks, Snyder has an average return of 9.2% and a 54.02% success rate on recommended stocks.
In addition to Morgan Stanley, Dover also received a Hold from Barclays’s Julian Mitchell in a report issued on January 7. However, on January 9, Citi maintained a Buy rating on Dover (NYSE: DOV).
Based on Dover’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.08 billion and a net profit of $302 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $347.1 million
Based on the recent corporate insider activity of 35 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. Last month, Ivonne Cabrera, the SVP, GC & Secr of DOV sold 2,630.00 shares for a total of $501,804.00.
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