Dover (NYSE:DOV) Price Target Raised to $225.00 at Mizuho

Dover (NYSE:DOV - Get Free Report) had its price target boosted by Mizuho from $215.00 to $225.00 in a report released on Friday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Mizuho's price objective indicates a potential upside of 27.65% from the company's current price.

DOV has been the topic of several other research reports. Citigroup cut their price objective on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating and set a $176.00 price target on shares of Dover in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price target on Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Morgan Stanley started coverage on Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target on the stock. Finally, Barclays raised their price target on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.58.

Dover Price Performance

DOV stock traded down $2.51 during trading on Friday, hitting $176.27. The company had a trading volume of 898,534 shares, compared to its average volume of 957,686. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 2.06 and a beta of 1.27. The business has a 50 day moving average of $173.47 and a 200 day moving average of $185.39. Dover has a fifty-two week low of $143.04 and a fifty-two week 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 - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.06. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. As a group, research analysts predict that Dover will post 9.45 earnings per share for the current year.

Institutional Investors Weigh In On Dover

A number of institutional investors have recently added to or reduced their stakes in DOV. Nuveen LLC acquired a new stake in Dover during the first quarter valued at approximately $526,081,000. Norges Bank acquired a new stake in Dover during the fourth quarter valued at approximately $316,228,000. GAMMA Investing LLC boosted its holdings in shares of Dover by 35,832.0% in the 1st quarter. GAMMA Investing LLC now owns 563,054 shares of the industrial products company's stock worth $98,917,000 after acquiring an additional 561,487 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Dover in the 4th quarter worth approximately $99,017,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of 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 worth $409,530,000 after acquiring an additional 524,092 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

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.