Dover Corp (DOV) is Initiated by Susquehanna to Neutral

Dover Corp (DOV) was Initiated by Susquehanna to “Neutral”. Susquehanna advised their investors in a research report released on Oct 7, 2016.

On the company’s financial health, Dover Corp reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.86. The company had revenue of $1686.35 million for the quarter, compared to analysts expectations of $1717.11 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Dover Corp closed down -0.91 points or -1.24% at $72.61 with 13,43,645 shares getting traded on Tuesday. Post opening the session at $73.61, the shares hit an intraday low of $72.24 and an intraday high of $73.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 10, 2016, C. Anderson Fincher (Vice President) sold 1,420 shares at $73.42 per share price. According to the SEC, on Aug 5, 2016, Paul Goldberg (Vice President) sold 1,800 shares at $72.13 per share price. On Aug 3, 2016, Robert Livingston (CEO and President) sold 25,927 shares at $69.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Dover Corporation (Dover) is engaged in the manufacturing of equipment components and specialty systems. The Company also provides supporting engineering testing and other services. The Company operates through four business segments: Energy Engineered Systems Fluids and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production Bearings & Compression and Automation end markets and provides solutions and services for production and processing of oil natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling chemical hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.

Dover Corp

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