Dover (NYSE:DOV) Price Target Raised to $205.00

Dover (NYSE:DOV) had its price objective increased by stock analysts at Barclays from $190.00 to $205.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential upside of 1.83% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Mizuho lifted their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.90.

Dover Stock Down 0.2 %

NYSE DOV opened at $201.32 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover has a fifty-two week low of $142.44 and a fifty-two week high of $208.26. The business has a 50 day moving average price of $196.21 and a two-hundred day moving average price of $186.84. The stock has a market cap of $27.62 billion, a PE ratio of 18.01, a P/E/G ratio of 2.74 and a beta of 1.22.

Institutional Trading of Dover

Several hedge funds have recently made changes to their positions in DOV. Cetera Investment Advisers boosted its position in shares of Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after buying an additional 22,572 shares during the period. ORG Partners LLC raised its stake in Dover by 1,414.2% during the 2nd quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 3,974 shares in the last quarter. QRG Capital Management Inc. boosted its position in Dover by 10.8% during the 2nd quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company’s stock worth $5,643,000 after acquiring an additional 3,051 shares during the period. Versor Investments LP bought a new position in shares of Dover in the third quarter worth $1,920,000. Finally, Brendel Financial Advisors LLC increased its holdings in shares of Dover by 347.7% during the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after purchasing an additional 17,685 shares during the period. Institutional investors own 84.46% of the company’s stock.

About Dover

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.