Analysts Set Dover Co. (NYSE:DOV) Price Target at $213.91

Shares of Dover Co. (NYSE:DOV) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $213.91.

Several equities analysts recently weighed in on DOV shares. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays increased their target price on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Hedge Funds Weigh In On Dover

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Dover during the 3rd quarter valued at $33,000. McClarren Financial Advisors Inc. increased its holdings in Dover by 4,400.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after buying an additional 176 shares in the last quarter. Fairscale Capital LLC purchased a new position in Dover in the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new position in Dover during the 2nd quarter valued at about $41,000. Finally, Avior Wealth Management LLC boosted its holdings in shares of Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

DOV opened at $188.81 on Friday. The firm’s fifty day moving average price is $197.81 and its two-hundred day moving average price is $187.69. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover has a 1 year low of $143.96 and a 1 year 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 issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is currently 18.43%.

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.