Dover Co. (NYSE:DOV) Receives $206.33 Average Price Target from Brokerages

Shares of Dover Co. (NYSE:DOV - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five 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 $208.17.

Several research firms have recently weighed in on DOV. Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley began coverage on Dover in a report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target on the stock. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, UBS Group lowered their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a report on Friday, January 31st.

Dover Stock Up 1.2%

DOV traded up $2.29 during trading on Tuesday, hitting $186.64. 656,131 shares of the company's stock traded hands, compared to its average volume of 969,510. The company's 50 day simple moving average is $171.82 and its two-hundred day simple moving average is $188.12. 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 has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 2.06 and a beta of 1.28.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $1.95 EPS. The company's revenue was down .9% compared to the same quarter last year. Analysts predict that Dover will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover's dividend payout ratio is presently 12.41%.

Institutional Investors Weigh In On Dover

Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Life Planners bought a new stake in Dover during the fourth quarter valued at about $28,000. North Capital Inc. purchased a new position in shares of Dover during the first quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dover during the first quarter valued at about $31,000. R Squared Ltd purchased a new position in shares of Dover during the fourth quarter valued at about $34,000. Finally, Truvestments Capital LLC grew its position in shares of Dover by 1,005.9% during the first quarter. Truvestments Capital LLC now owns 188 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 171 shares in the last quarter. 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.