Dover (NYSE:DOV) Given New $222.00 Price Target at Citigroup

Dover (NYSE:DOV) had its price objective trimmed by Citigroup from $236.00 to $222.00 in a report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Monday, October 28th. Wells Fargo & Company decreased their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.91.

Dover Stock Performance

Shares of NYSE:DOV opened at $186.88 on Monday. The business has a 50-day moving average of $196.72 and a two-hundred day moving average of $188.71. The firm has a market capitalization of $25.64 billion, a PE ratio of 16.72, a P/E/G ratio of 2.70 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. Dover has a 12 month low of $143.96 and a 12 month high of $208.26.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.10%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Institutional Trading of Dover

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Financial Corp IN increased its holdings in shares of Dover by 418.1% in the 4th quarter. First Financial Corp IN now owns 430 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 347 shares during the last quarter. Thomasville National Bank boosted its holdings in Dover by 46.7% in the fourth quarter. Thomasville National Bank now owns 2,727 shares of the industrial products company’s stock worth $512,000 after purchasing an additional 868 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter worth $38,000. Czech National Bank lifted its position in shares of Dover by 6.2% in the 4th quarter. Czech National Bank now owns 29,746 shares of the industrial products company’s stock worth $5,580,000 after buying an additional 1,745 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. boosted its holdings in shares of Dover by 3.6% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 9,778 shares of the industrial products company’s stock valued at $1,834,000 after buying an additional 344 shares during the period. 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.