Dover (NYSE:DOV) Price Target Raised to $190.00 at Wells Fargo & Company

Dover (NYSE:DOV - Get Free Report) had its price target lifted by research analysts at Wells Fargo & Company from $177.00 to $190.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price target suggests a potential upside of 5.46% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird boosted their price target on shares of Dover from $185.00 to $208.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer upped their target price on shares of Dover from $177.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. Citigroup upped their target price on shares of Dover from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Monday, April 8th. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Friday, March 22nd. Finally, Mizuho boosted their price target on shares of Dover from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.75.

Dover Stock Performance

Shares of NYSE:DOV traded up $1.06 during trading on Friday, hitting $180.17. 1,104,009 shares of the stock traded hands, compared to its average volume of 968,794. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 1.78 and a beta of 1.27. The company has a fifty day moving average price of $171.75 and a two-hundred day moving average price of $154.29. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. Dover has a 52-week low of $127.25 and a 52-week high of $181.49.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The firm's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. As a group, equities analysts predict that Dover will post 9.07 EPS for the current year.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares of the company's stock, valued at $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares of the company's stock, valued at $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Todd sold 1,500 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 over the last 90 days. 1.30% of the stock is owned by insiders.

Institutional Trading of Dover

Several hedge funds have recently made changes to their positions in the business. Yousif Capital Management LLC lifted its position in shares of Dover by 0.3% during the first quarter. Yousif Capital Management LLC now owns 64,383 shares of the industrial products company's stock worth $11,408,000 after purchasing an additional 217 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of Dover during the first quarter worth about $128,000. SlateStone Wealth LLC acquired a new stake in shares of Dover during the first quarter worth about $989,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Dover by 1.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,662 shares of the industrial products company's stock worth $10,217,000 after purchasing an additional 547 shares in the last quarter. Finally, Freedom Day Solutions LLC acquired a new stake in shares of Dover during the first quarter worth about $229,000. Institutional investors and hedge funds own 84.46% of the company's stock.

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.