Dover (NYSE:DOV) PT Raised to $200.00 at Mizuho

Dover (NYSE:DOV) had its price target boosted by Mizuho from $185.00 to $200.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other equities research analysts have also recently weighed in on DOV. Oppenheimer upped their price target on shares of Dover from $187.00 to $197.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Dover from $177.00 to $190.00 and gave the company an equal weight rating in a research report on Friday, April 26th. StockNews.com raised shares of Dover from a hold rating to a buy rating in a research report on Friday, April 26th. Barclays increased their target price on shares of Dover from $180.00 to $186.00 and gave the company an equal weight rating in a research report on Friday, April 26th. Finally, Robert W. Baird reissued an outperform rating and set a $208.00 target price on shares of Dover in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Dover currently has an average rating of Moderate Buy and an average target price of $192.63.

Dover Price Performance

Dover stock opened at $185.26 on Friday. The stock has a market cap of $25.46 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89. Dover has a 1 year low of $127.25 and a 1 year high of $192.31. The firm has a 50-day moving average of $181.49 and a two-hundred day moving average of $172.50.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.15. Dover had a net margin of 17.58% and a return on equity of 25.36%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Dover will post 9.11 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 dividend on an annualized basis and a yield of 1.10%. Dover’s payout ratio is 19.60%.

Institutional Trading of Dover

A number of hedge funds and other institutional investors have recently made changes to their positions in DOV. SG Americas Securities LLC increased its stake in shares of Dover by 112.9% in the fourth quarter. SG Americas Securities LLC now owns 11,409 shares of the industrial products company’s stock worth $1,755,000 after acquiring an additional 6,050 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Dover by 0.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 45,281 shares of the industrial products company’s stock worth $6,965,000 after acquiring an additional 415 shares during the period. Pacer Advisors Inc. increased its stake in shares of Dover by 12.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,218 shares of the industrial products company’s stock worth $1,572,000 after acquiring an additional 1,124 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Dover in the fourth quarter worth $309,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Dover by 31.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,256 shares of the industrial products company’s stock worth $3,116,000 after buying an additional 4,851 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

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.