Dover (NYSE:DOV) Stock Rating Lowered by StockNews.com

Dover (NYSE:DOV) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other analysts also recently issued reports on the company. Barclays cut their price target on Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a report on Wednesday. The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Oppenheimer reiterated an “outperform” rating and issued 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 stock an “overweight” rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $218.18.

Dover Trading Down 1.7 %

NYSE:DOV opened at $179.16 on Wednesday. Dover has a 52 week low of $168.20 and a 52 week high of $222.31. 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 company has a market cap of $24.56 billion, a PE ratio of 9.21, a P/E/G ratio of 2.06 and a beta of 1.24. The business’s 50 day moving average is $194.03 and its two-hundred day moving average is $193.59.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, analysts predict that Dover will post 9.45 EPS for the current year.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently bought and sold shares of DOV. Ecofi Investissements SA grew its stake in shares of Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management boosted its holdings in Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after buying an additional 52 shares in the last quarter. ORG Partners LLC grew its position in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the last quarter. Trust Point Inc. increased its holdings in shares of Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after buying an additional 59 shares in the last quarter. Finally, JGP Wealth Management LLC lifted its position in shares of Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after acquiring an additional 62 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

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.