Dover Co. (NYSE:DOV) Given Consensus Rating of “Moderate Buy” by Brokerages

Dover Co. (NYSE:DOV) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $218.18.

A number of equities analysts recently commented on DOV shares. Barclays reduced their price objective on Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada lifted their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group increased their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th.

Dover Trading Down 2.5 %

Shares of DOV opened at $174.63 on Monday. The firm’s fifty day moving average is $193.63 and its two-hundred day moving average is $193.56. The stock has a market cap of $23.94 billion, a PE ratio of 8.98, a price-to-earnings-growth 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 has a 52-week low of $168.20 and a 52-week high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts forecast that Dover will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.18%. Dover’s dividend payout ratio is presently 10.59%.

Hedge Funds Weigh In On Dover

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Life Planners purchased a new stake in Dover during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its stake in Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares during the period. Kieckhefer Group LLC acquired a new stake in Dover during the 4th quarter worth approximately $38,000. Finally, Orion Capital Management LLC purchased a new position in Dover in the 4th quarter valued at approximately $43,000. 84.46% of the stock is currently owned by hedge funds and other 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.