Dover Co. (NYSE:DOV) Receives $214.18 Consensus PT from Brokerages

Shares of Dover Co. (NYSE:DOV) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $214.18.

A number of equities research analysts have issued reports on DOV shares. JPMorgan Chase & Co. boosted their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Citigroup raised their price target on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company lowered their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th.

Dover Stock Down 2.1 %

Shares of DOV opened at $183.36 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.16 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22. The company’s 50-day moving average price is $196.77 and its 200 day moving average price is $188.65. Dover has a 12-month low of $143.96 and a 12-month high of $208.26.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is 18.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Dover during the 3rd quarter worth $33,000. Fairscale Capital LLC acquired a new position in Dover in the second quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover in the 2nd quarter valued at approximately $41,000. Avior Wealth Management LLC boosted its holdings in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the period. Finally, Coastline Trust Co bought a new stake in Dover during the third quarter valued at $50,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.