Dover (NYSE:DOV) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Dover (NYSE:DOV) from a buy rating to a hold rating in a research report report published on Tuesday.

DOV has been the topic of a number of other research reports. Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group cut their target price 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. Finally, Royal Bank of Canada upped their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Down 0.5 %

Shares of NYSE DOV opened at $181.38 on Tuesday. Dover has a 52-week low of $168.20 and a 52-week high of $222.31. The firm has a fifty day moving average of $194.67 and a 200-day moving average of $193.45. The stock has a market capitalization of $24.89 billion, a PE ratio of 9.33, a P/E/G ratio of 2.06 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 (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, analysts anticipate that Dover will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. Dover’s payout ratio is presently 10.59%.

Institutional Trading of Dover

Hedge funds have recently bought and sold shares of the stock. Financial Life Planners bought a new stake in Dover in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in Dover in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares during the period. Kieckhefer Group LLC bought a new stake in Dover in the 4th quarter valued at $38,000. Finally, Orion Capital Management LLC bought a new stake in Dover in the 4th quarter valued at $43,000. 84.46% of the stock is owned by institutional investors.

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.