Dover Co. (NYSE:DOV) Receives $214.18 Consensus Price Target from Analysts

Shares of Dover Co. (NYSE:DOV) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $214.18.

Several analysts have weighed in on DOV shares. UBS Group started coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Barclays increased their price target on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price objective (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Citigroup raised their target price on shares of Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Institutional Trading of Dover

Several large investors have recently added to or reduced their stakes in DOV. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter valued at about $33,000. Fairscale Capital LLC purchased a new stake in shares of Dover during the 2nd quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Dover in the second quarter valued at approximately $41,000. Avior Wealth Management LLC grew its position in Dover by 183.5% in the third 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. Finally, Coastline Trust Co acquired a new stake in Dover during the third quarter worth $50,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Trading Down 2.1 %

NYSE DOV opened at $183.36 on Wednesday. The stock has a market cap of $25.16 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.70 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover has a 12-month low of $143.96 and a 12-month high of $208.26. The company has a fifty day simple moving average of $196.88 and a two-hundred day simple moving average of $188.53.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

About Dover

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.