Dover (NYSE:DOV) Price Target Raised to $205.00

Dover (NYSE:DOV) had its price target hoisted by Barclays from $190.00 to $205.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

DOV has been the topic of several other reports. Mizuho raised their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. UBS Group assumed coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target on the stock. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $209.90.

Dover Trading Down 0.2 %

DOV opened at $201.46 on Thursday. The stock’s fifty day moving average is $196.21 and its two-hundred day moving average is $186.85. The company has a market capitalization of $27.64 billion, a P/E ratio of 18.02, a PEG ratio of 2.73 and a beta of 1.22. Dover has a 52 week low of $142.44 and a 52 week high of $208.26. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.02%. Dover’s dividend payout ratio (DPR) is 18.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. McClarren Financial Advisors Inc. grew its stake in Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after buying an additional 176 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Dover during the 3rd quarter worth about $33,000. Fairscale Capital LLC acquired a new stake in Dover during the 2nd quarter worth about $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Dover during the 2nd quarter worth about $41,000. Finally, Avior Wealth Management LLC lifted its position in Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares during the period. 84.46% of the stock is currently owned by hedge funds and other 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.