Dover’s (DOV) “Outperform” Rating Reiterated at Oppenheimer

Dover (NYSE:DOV)‘s stock had its “outperform” rating reiterated by research analysts at Oppenheimer in a research note issued to investors on Friday,Benzinga reports. They presently have a $225.00 price target on the industrial products company’s stock, up from their prior price target of $220.00. Oppenheimer’s target price would indicate a potential upside of 9.25% from the company’s previous close.

A number of other equities analysts have also recently issued reports on DOV. Royal Bank of Canada raised their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday. Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Mizuho upped their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.

Dover Stock Performance

Shares of DOV traded up $0.54 during mid-day trading on Friday, hitting $205.96. The stock had a trading volume of 398,986 shares, compared to its average volume of 830,356. Dover has a fifty-two week low of $148.45 and a fifty-two week high of $214.57. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a market cap of $28.26 billion, a PE ratio of 18.50, a PEG ratio of 2.03 and a beta of 1.23. The company’s fifty day simple moving average is $195.60 and its two-hundred day simple moving average is $190.22.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. On average, equities analysts expect that Dover will post 8.17 earnings per share for the current year.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of Dover during the 4th quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in Dover during the 3rd quarter valued at about $33,000. R Squared Ltd acquired a new position in shares of Dover in the fourth quarter worth $34,000. Kieckhefer Group LLC acquired a new position in Dover in the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the fourth quarter valued at approximately $46,000. 84.46% of the stock is currently 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.