Dover Co. (NYSE:DOV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dover Co. (NYSE:DOV) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $208.40.

A number of research analysts have commented on DOV shares. Mizuho raised their price target 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. Oppenheimer restated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Barclays upped their price target on Dover from $186.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, UBS Group began coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock.

Insider Buying and Selling at Dover

In related news, SVP Ivonne M. Cabrera sold 1,220 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 47,060 shares in the company, valued at $8,706,100. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at approximately $2,156,700. The trade was a 54.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Dover

Several large investors have recently bought and sold shares of DOV. Cetera Investment Advisers lifted its holdings in Dover by 975.5% during the first quarter. Cetera Investment Advisers now owns 24,886 shares of the industrial products company’s stock worth $4,410,000 after acquiring an additional 22,572 shares in the last quarter. ORG Partners LLC grew its position in shares of Dover by 1,414.2% in the 2nd quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company’s stock valued at $754,000 after purchasing an additional 3,974 shares during the period. Swedbank AB acquired a new stake in Dover during the 1st quarter worth approximately $1,581,000. QRG Capital Management Inc. lifted its stake in Dover by 10.8% in the second quarter. QRG Capital Management Inc. now owns 31,274 shares of the industrial products company’s stock valued at $5,643,000 after buying an additional 3,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Dover by 153.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,633,453 shares of the industrial products company’s stock valued at $466,622,000 after buying an additional 1,595,611 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 1.1 %

Shares of Dover stock opened at $204.74 on Tuesday. Dover has a 52-week low of $137.73 and a 52-week high of $205.06. The firm has a market capitalization of $28.09 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.72 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company’s fifty day moving average price is $193.32 and its two-hundred day moving average price is $185.46.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.