Dover Co. (NYSE:DOV) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of Dover Co. (NYSE:DOV – Get Free Report) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $214.18.

A number of brokerages have weighed in on DOV. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Barclays increased their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Mizuho upped their price target on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price target on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th.

View Our Latest Report on DOV

Dover Stock Performance

Shares of NYSE DOV opened at $183.36 on Wednesday. Dover has a 1 year low of $143.96 and a 1 year high of $208.26. 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 has a fifty day moving average price of $196.77 and a two-hundred day moving average price of $188.65. The firm has a market cap of $25.16 billion, a P/E ratio of 16.40, a PEG ratio of 2.70 and a beta of 1.22.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.12%. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Hedge Funds Weigh In On Dover

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DOV. Independent Advisor Alliance grew its holdings in Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 58 shares during the last quarter. ORG Partners LLC boosted its stake in Dover by 5.4% during 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 in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Dover by 2.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after buying an additional 60 shares in the last quarter. Empower Advisory Group LLC boosted its position in shares of Dover by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after acquiring an additional 73 shares in the last quarter. Finally, First Commonwealth Financial Corp PA raised its position in Dover by 2.2% in the third quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Company Profile

(Get Free Report

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.

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