Dover (NYSE:DOV) had its target price boosted by UBS Group from $80.00 to $86.00 in a research note issued to investors on Thursday morning, www.benzinga.com reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

Several other research firms have also recently commented on DOV. ValuEngine raised shares of Dover from a sell rating to a hold rating in a research report on Saturday, August 18th. Barclays lifted their price target on shares of Dover from $88.00 to $90.00 and gave the company an overweight rating in a research report on Friday, July 20th. Seaport Global Securities reissued a hold rating and set a $80.00 price target on shares of Dover in a research report on Friday, July 20th. BMO Capital Markets lowered their price target on shares of Dover from $98.00 to $93.00 and set an outperform rating for the company in a research report on Friday, July 20th. Finally, Citigroup lifted their price target on shares of Dover from $84.00 to $85.00 and gave the company a neutral rating in a research report on Friday, July 20th. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dover presently has a consensus rating of Hold and an average target price of $92.14.

Shares of NYSE:DOV traded up $0.39 on Thursday, hitting $85.91. The company had a trading volume of 10,252 shares, compared to its average volume of 1,201,180. Dover has a 1 year low of $67.21 and a 1 year high of $88.11. The company has a current ratio of 1.35, a quick ratio of 0.93 and a debt-to-equity ratio of 1.05. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.47 and a beta of 1.32.

Dover (NYSE:DOV) last posted its earnings results on Thursday, July 19th. The industrial products company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.09. Dover had a net margin of 9.64% and a return on equity of 18.66%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the company posted $1.04 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts forecast that Dover will post 4.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be given a dividend of $0.48 per share. This is a boost from Dover’s previous quarterly dividend of $0.47. This represents a $1.92 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Thursday, August 30th. Dover’s dividend payout ratio (DPR) is 46.65%.

In other Dover news, Director Kristiane C. Graham sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $82.75, for a total transaction of $4,137,500.00. Following the completion of the sale, the director now directly owns 367,324 shares in the company, valued at approximately $30,396,061. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary A. Winston sold 2,500 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $78.86, for a total transaction of $197,150.00. Following the sale, the director now owns 15,055 shares of the company’s stock, valued at $1,187,237.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,500 shares of company stock valued at $5,851,250. 2.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Dover by 1.3% during the 1st quarter. BlackRock Inc. now owns 10,252,508 shares of the industrial products company’s stock valued at $1,007,002,000 after purchasing an additional 135,700 shares in the last quarter. Bank of America Corp DE increased its stake in Dover by 15.9% during the 2nd quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares in the last quarter. Boston Partners increased its stake in Dover by 110.3% during the 2nd quarter. Boston Partners now owns 5,131,152 shares of the industrial products company’s stock valued at $375,601,000 after purchasing an additional 2,691,480 shares in the last quarter. Third Point LLC increased its stake in Dover by 2.0% during the 2nd quarter. Third Point LLC now owns 4,000,000 shares of the industrial products company’s stock valued at $292,800,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Dover by 11.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 1,830,239 shares of the industrial products company’s stock valued at $133,973,000 after purchasing an additional 182,723 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of fuels for drilling and production, bearings and compression, and automation end markets.

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Analyst Recommendations for Dover (NYSE:DOV)

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