Brokerages Set Dover Co. (NYSE:DOV) Target Price at $218.91

Dover Co. (NYSE:DOV) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $218.18.

A number of brokerages recently issued reports on DOV. UBS Group decreased their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DOV. 111 Capital purchased a new stake in shares of Dover during the 4th quarter worth $464,000. Bannerman Wealth Management Group LLC acquired a new stake in shares of Dover in the fourth quarter valued at about $228,000. IronOak Wealth LLC. purchased a new stake in Dover during the fourth quarter worth about $340,000. Smith Shellnut Wilson LLC ADV increased its holdings in Dover by 9.8% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 3,128 shares of the industrial products company’s stock valued at $587,000 after buying an additional 278 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its holdings in Dover by 12.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 2,642 shares of the industrial products company’s stock valued at $492,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

DOV stock opened at $182.01 on Monday. The business has a 50 day moving average price of $194.34 and a 200 day moving average price of $193.69. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.06 and a beta of 1.24. Dover has a fifty-two week low of $168.20 and a fifty-two week high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts anticipate that Dover will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

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.