Dover (DOV) Reaches $104.14 High on Jan, 14; Donegal Group (DGICA) Has 0.83 Sentiment

January 14, 2018 - By Darrin Black

The stock of Dover Corporation (NYSE:DOV) reached all time high today, Jan, 14 and still has $113.51 target or 9.00% above today’s $104.14 share price. This indicates more upside for the $16.22 billion company. This technical setup was reported by If the $113.51 PT is reached, the company will be worth $1.46B more. The stock increased 0.61% or $0.63 during the last trading session, reaching $104.14. About 472,887 shares traded. Dover Corporation (NYSE:DOV) has risen 29.68% since January 14, 2017 and is uptrending. It has outperformed by 12.98% the S&P500.

Donegal Group Inc., an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. The company has market cap of $473.35 million. It operates through four divisions: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC. It has a 31.99 P/E ratio. The firm offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.

Analysts await Donegal Group Inc. (NASDAQ:DGICA) to report earnings on February, 16. They expect $0.39 EPS, up 95.00% or $0.19 from last year’s $0.2 per share. DGICA’s profit will be $10.44M for 11.34 P/E if the $0.39 EPS becomes a reality. After $0.25 actual EPS reported by Donegal Group Inc. for the previous quarter, Wall Street now forecasts 56.00% EPS growth.

The stock decreased 1.06% or $0.19 during the last trading session, reaching $17.69. About 47,330 shares traded or 3.52% up from the average. Donegal Group Inc. (DGICA) has risen 2.91% since January 14, 2017 and is uptrending. It has underperformed by 13.79% the S&P500.

Philadelphia Trust Co holds 0.78% of its portfolio in Donegal Group Inc. for 588,168 shares. Logan Capital Management Inc owns 223,703 shares or 0.26% of their US portfolio. Moreover, Old Republic International Corp has 0.25% invested in the company for 477,100 shares. The Pennsylvania-based Minerva Advisors Llc has invested 0.24% in the stock. Kennedy Capital Management Inc., a Missouri-based fund reported 601,818 shares.

Since August 4, 2017, it had 0 insider purchases, and 5 selling transactions for $8.01 million activity. Another trade for 41,505 shares valued at $3.97 million was sold by STUBBS MICHAEL B. $419,100 worth of Dover Corporation (NYSE:DOV) shares were sold by Goldberg Paul. The insider Spurgeon William sold 6,554 shares worth $624,203.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.13, from 0.91 in 2017Q2. It improved, as 33 investors sold Dover Corporation shares while 190 reduced holdings. 76 funds opened positions while 157 raised stakes. 130.20 million shares or 1.96% less from 132.81 million shares in 2017Q2 were reported. Dimensional Fund Advsr Ltd Partnership holds 0.07% in Dover Corporation (NYSE:DOV) or 1.82M shares. Scopus Asset Mgmt Ltd Partnership stated it has 435,000 shares. Aperio Group Ltd Liability reported 104,965 shares. San Francisco Sentry Investment (Ca) invested in 0.02% or 782 shares. Haverford accumulated 4,432 shares or 0.01% of the stock. Suntrust Banks owns 19,175 shares for 0.01% of their portfolio. Moreover, Frontier Invest Management has 0.98% invested in Dover Corporation (NYSE:DOV) for 129,834 shares. 43,141 are owned by Texas Permanent School Fund. Ontario Teachers Pension Plan Board holds 0.01% or 6,830 shares in its portfolio. Bahl And Gaynor stated it has 0.1% in Dover Corporation (NYSE:DOV). Nicholas Invest Ptnrs L P holds 51,110 shares. Glg Partners L P stated it has 0.01% in Dover Corporation (NYSE:DOV). Ngam L P has 17,497 shares. 4,425 were accumulated by United Asset Strategies. First City Mngmt Inc accumulated 6,030 shares or 0.39% of the stock.

Dover Corporation manufactures and sells a range of equipment and components, specialty systems, software and digital solutions, and support services worldwide. The company has market cap of $16.22 billion. The firm operates in four divisions: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. It has a 24.22 P/E ratio. The Energy segment provides solutions and services for the production and processing of fuels to drilling and production, bearings and compression, and automation end markets.

Analysts await Dover Corporation (NYSE:DOV) to report earnings on January, 25. They expect $1.04 EPS, up 46.48% or $0.33 from last year’s $0.71 per share. DOV’s profit will be $162.02M for 25.03 P/E if the $1.04 EPS becomes a reality. After $1.16 actual EPS reported by Dover Corporation for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.

Among 23 analysts covering Dover (NYSE:DOV), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Dover had 82 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, October 9 with “Neutral”. The company was upgraded on Friday, January 6 by UBS. On Thursday, June 8 the stock rating was upgraded by BMO Capital Markets to “Outperform”. SunTrust maintained Dover Corporation (NYSE:DOV) on Friday, October 20 with “Hold” rating. The rating was upgraded by J.P. Morgan to “Buy” on Wednesday, September 20. Oppenheimer maintained the stock with “Hold” rating in Tuesday, August 8 report. The stock of Dover Corporation (NYSE:DOV) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. The firm has “Neutral” rating by Citigroup given on Thursday, January 21. The stock of Dover Corporation (NYSE:DOV) earned “Neutral” rating by Citigroup on Friday, July 21. Stifel Nicolaus maintained it with “Hold” rating and $87 target in Friday, April 21 report.

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