Dover Co. (NYSE:DOV) Receives Average Rating of “Moderate Buy” from Analysts

Dover Co. (NYSE:DOV) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $214.18.

DOV has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Citigroup increased their target price on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wells Fargo & Company dropped their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th.

Institutional Trading of Dover

Large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the third quarter worth approximately $33,000. Fairscale Capital LLC acquired a new position in Dover during the 2nd quarter worth $34,000. Ashton Thomas Private Wealth LLC bought a new position in Dover in the 2nd quarter valued at $41,000. Avior Wealth Management LLC increased its stake in shares of Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after buying an additional 167 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of Dover during the third quarter worth $50,000. 84.46% of the stock is owned by institutional investors.

Dover Stock Down 0.1 %

Shares of DOV stock opened at $187.93 on Wednesday. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 2.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock’s 50 day simple moving average is $197.05 and its 200 day simple moving average is $188.55. Dover has a twelve month low of $143.96 and a twelve month high of $208.26.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is 18.43%.

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.