Brokerages Set Dover Co. (NYSE:DOV) PT at $213.91

Shares of Dover Co. (NYSE:DOV) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, MarketBeat 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 brokerages that have issued a report on the stock in the last year is $213.91.

DOV has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays raised their target price on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th.

Dover Trading Up 0.2 %

Shares of DOV opened at $189.27 on Friday. The stock has a 50 day simple moving average of $197.86 and a 200-day simple moving average of $187.70. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a market cap of $25.97 billion, a PE ratio of 16.93, a PEG ratio of 2.70 and a beta of 1.22. Dover has a 1 year low of $143.96 and a 1 year high of $208.26.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after purchasing an additional 56,149 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dover by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after buying an additional 25,993 shares during the period. FMR LLC boosted its holdings in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after buying an additional 149,378 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dover by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after buying an additional 60,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after purchasing an additional 17,193 shares in the last quarter. 84.46% of the stock is 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.