Dover Co. (NYSE:DOV) Receives $207.75 Average PT from Analysts

Dover Co. (NYSE:DOV) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $207.75.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Dover from $190.00 to $211.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Barclays upped their price target on Dover from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Mizuho set a $215.00 price target on Dover in a research report on Friday, May 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $176.00 price target on shares of Dover in a research report on Friday, April 25th. Finally, Wall Street Zen cut Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th.

Hedge Funds Weigh In On Dover

Institutional investors have recently added to or reduced their stakes in the business. Ecofi Investissements SA raised its stake in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company’s stock valued at $765,000 after buying an additional 50 shares during the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of Dover by 1.4% in the 1st quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company’s stock worth $726,000 after purchasing an additional 57 shares in the last quarter. Summit Financial LLC increased its holdings in shares of Dover by 0.9% in the 1st quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company’s stock worth $1,159,000 after purchasing an additional 60 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Dover by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 67 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of Dover by 1.4% in the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company’s stock worth $923,000 after acquiring an additional 69 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Down 1.3%

Shares of NYSE DOV opened at $178.96 on Friday. Dover has a one year low of $143.04 and a one year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The business’s fifty day moving average price is $172.41 and its 200-day moving average price is $185.78. The stock has a market capitalization of $24.54 billion, a PE ratio of 9.20, a P/E/G ratio of 2.06 and a beta of 1.27.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that Dover will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.15%. Dover’s dividend payout ratio is currently 12.41%.

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.