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

Dover Co. (NYSE:DOV) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $218.91.

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays lifted their target price on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group upped 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. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st.

Institutional Trading of Dover

Several hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC grew its stake in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares during the period. FMR LLC lifted its position in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after buying an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after purchasing an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Dover by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock worth $155,352,000 after acquiring an additional 16,763 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Trading Down 0.2 %

Dover stock opened at $204.41 on Friday. The stock’s 50 day simple moving average is $195.37 and its two-hundred day simple moving average is $190.79. The firm has a market cap of $28.04 billion, a PE ratio of 10.51, a P/E/G ratio of 2.07 and a beta of 1.24. Dover has a 12 month low of $158.19 and a 12 month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. Analysts anticipate that Dover will post 9.42 earnings per share for the current year.

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.