Dover Co. (NYSE:DOV - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $207.75.
A number of research firms recently weighed in on DOV. Royal Bank of Canada restated a "sector perform" rating and set a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Mizuho set a $215.00 target price on shares of Dover in a research note on Friday, May 16th. Barclays lifted their target price on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Robert W. Baird lowered their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th.
Check Out Our Latest Stock Analysis on Dover
Dover Price Performance
Shares of NYSE DOV opened at $179.56 on Friday. Dover has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a 50 day simple moving average of $171.50 and a two-hundred day simple moving average of $186.23. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 2.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that Dover will post 9.45 EPS for the current fiscal year.
Dover Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 annualized dividend and a yield of 1.15%. Dover's payout ratio is 12.41%.
Hedge Funds Weigh In On Dover
Hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in Dover in the 1st quarter valued at about $526,081,000. Norges Bank purchased a new stake in Dover in the 4th quarter valued at about $316,228,000. GAMMA Investing LLC boosted its position in Dover by 35,832.0% in the 1st quarter. GAMMA Investing LLC now owns 563,054 shares of the industrial products company's stock valued at $98,917,000 after buying an additional 561,487 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Dover in the 4th quarter valued at about $99,017,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in Dover by 31.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock valued at $409,530,000 after buying an additional 524,092 shares during the period. 84.46% of the stock is currently owned by institutional investors.
About Dover
(
Get Free ReportDover 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.
Further Reading
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