Dover (NYSE:DOV) Price Target Raised to $230.00 at JPMorgan Chase & Co.

Dover (NYSE:DOV) had its target price raised by JPMorgan Chase & Co. from $208.00 to $230.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on DOV. Wells Fargo & Company lifted their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday. Mizuho lifted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, UBS Group began coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Down 1.0 %

Shares of DOV stock opened at $203.42 on Friday. Dover has a 12-month low of $148.45 and a 12-month 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 firm has a fifty day moving average of $195.57 and a 200-day moving average of $190.34. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. As a group, equities research analysts predict that Dover will post 8.17 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover’s dividend payout ratio is currently 18.43%.

Institutional Investors Weigh In On Dover

Several hedge funds and other institutional investors have recently made changes to their positions in DOV. Sanctuary Advisors LLC bought a new stake in shares of Dover during the second quarter worth $3,175,000. Czech National Bank grew its position in Dover by 6.9% during the 3rd quarter. Czech National Bank now owns 28,001 shares of the industrial products company’s stock worth $5,369,000 after acquiring an additional 1,812 shares during the last quarter. SG Americas Securities LLC increased its holdings in Dover by 167.7% in the 3rd quarter. SG Americas Securities LLC now owns 101,591 shares of the industrial products company’s stock worth $19,479,000 after purchasing an additional 63,638 shares in the last quarter. Burns J W & Co. Inc. NY acquired a new position in Dover in the 3rd quarter worth about $302,000. Finally, Handelsbanken Fonder AB raised its position in Dover by 15.1% in the third quarter. Handelsbanken Fonder AB now owns 39,522 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,177 shares during 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.