Dover (NYSE:DOV - Get Free Report)'s stock had its "buy (b-)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
A number of other equities analysts have also recently issued reports on DOV. Royal Bank Of Canada upped their target price on Dover from $203.00 to $206.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on Dover from $211.00 to $217.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wells Fargo & Company decreased their price target on Dover from $195.00 to $180.00 and set an "equal weight" rating for the company in a research note on Monday. Mizuho increased their price target on Dover from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. Finally, Robert W. Baird increased their price target on Dover from $219.00 to $234.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $212.42.
View Our Latest Analysis on Dover
Dover Price Performance
Shares of Dover stock traded up $0.16 during trading on Wednesday, reaching $164.75. 697,033 shares of the company's stock were exchanged, compared to its average volume of 983,550. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.35 and a current ratio of 1.95. Dover has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a market cap of $22.59 billion, a P/E ratio of 9.94, a PEG ratio of 1.31 and a beta of 1.26. The firm's 50-day moving average price is $174.36 and its 200 day moving average price is $176.17.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The industrial products company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.05. Dover had a return on equity of 18.19% and a net margin of 29.29%.The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the firm earned $2.36 EPS. Dover's revenue was up 5.2% on a year-over-year basis. Dover has set its FY 2025 guidance at 9.350-9.550 EPS. As a group, research analysts anticipate that Dover will post 9.45 earnings per share for the current year.
Institutional Investors Weigh In On Dover
Several large investors have recently added to or reduced their stakes in DOV. Nuveen LLC acquired a new stake in Dover during the first quarter worth approximately $526,081,000. First Trust Advisors LP grew its stake in Dover by 717.4% in the second quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company's stock valued at $314,470,000 after acquiring an additional 1,506,288 shares during the period. Norges Bank acquired a new stake in Dover in the second quarter valued at approximately $274,135,000. AQR Capital Management LLC grew its stake in Dover by 912.9% in the second quarter. AQR Capital Management LLC now owns 789,409 shares of the industrial products company's stock valued at $144,572,000 after acquiring an additional 711,471 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Dover by 133.6% in the third quarter. Assenagon Asset Management S.A. now owns 656,349 shares of the industrial products company's stock valued at $109,499,000 after acquiring an additional 375,333 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.
About Dover
(
Get Free Report)
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.
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