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

Dover (NYSE:DOV) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

DOV has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target 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. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays raised their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Stock Down 4.1 %

Shares of DOV traded down $7.67 during midday trading on Monday, reaching $177.97. The stock had a trading volume of 1,608,840 shares, compared to its average volume of 887,463. The company’s fifty day simple moving average is $195.68 and its two-hundred day simple moving average is $193.73. Dover has a 1-year low of $168.20 and a 1-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 company has a market cap of $24.42 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.06 and a beta of 1.24.

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%. Equities research analysts expect that Dover will post 9.45 earnings per share for the current year.

Institutional Trading of Dover

A number of large investors have recently bought and sold shares of DOV. Financial Life Planners bought a new stake in shares of Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the third quarter valued at $33,000. R Squared Ltd acquired a new position in shares of Dover during the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares during the period. Finally, Kieckhefer Group LLC acquired a new position in shares of Dover during the fourth quarter valued at $38,000. 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.