Dover Co. (NYSE:DOV) Receives $218.91 Average PT from Analysts

Shares of Dover Co. (NYSE:DOV) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $218.91.

DOV has been the subject of several research analyst reports. Mizuho increased their target price 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 reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Citigroup lowered their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st.

Dover Price Performance

Shares of NYSE DOV opened at $203.13 on Friday. The firm has a 50-day simple moving average of $195.44 and a 200-day simple moving average of $190.59. The stock has a market capitalization of $27.87 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover has a 52 week low of $156.59 and a 52 week high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities analysts predict that Dover will post 9.42 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Dover during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd purchased a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC purchased a new stake in shares of Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

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.