Dover Co. (NYSE:DOV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Dover Co. (NYSE:DOV) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $207.44.

DOV has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Robert W. Baird restated an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research report on Monday, July 22nd. Barclays upped their price objective on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday.

Insider Activity at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $185.00, for a total value of $225,700.00. Following the completion of the transaction, the senior vice president now directly owns 47,060 shares of the company’s stock, valued at approximately $8,706,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,042 shares of company stock valued at $7,368,578. 1.30% of the stock is owned by insiders.

Institutional Trading of Dover

Hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC acquired a new stake in shares of Dover in the 1st quarter worth $28,000. McClarren Financial Advisors Inc. increased its stake in shares of 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 acquiring an additional 176 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Dover in the 2nd quarter worth $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Dover in the 2nd quarter worth $41,000. Finally, Transcendent Capital Group LLC increased its stake in shares of Dover by 208.0% in the 1st quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 156 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Trading Down 1.9 %

Dover stock opened at $189.31 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Dover has a 12 month low of $127.25 and a 12 month high of $195.68. The stock’s 50 day simple moving average is $187.62 and its two-hundred day simple moving average is $182.68. The firm has a market cap of $25.97 billion, a PE ratio of 16.93, a P/E/G ratio of 2.20 and a beta of 1.22.

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.