BMO Capital Markets Raises Dover (DOV) Price Target to $91.00
Dover (NYSE:DOV) had its price objective lifted by BMO Capital Markets from $90.00 to $91.00 in a report published on Friday. The brokerage currently has a market perform rating on the industrial products company’s stock.
DOV has been the topic of a number of other research reports. ValuEngine raised Dover from a sell rating to a hold rating in a report on Tuesday, July 31st. Zacks Investment Research downgraded Dover from a buy rating to a hold rating in a report on Friday, October 12th. UBS Group raised their target price on Dover from $80.00 to $86.00 and gave the company a neutral rating in a report on Thursday, August 30th. Seaport Global Securities reaffirmed a hold rating and issued a $80.00 target price on shares of Dover in a report on Friday, July 20th. Finally, Citigroup raised their target price on Dover from $84.00 to $85.00 and gave the company a neutral rating in a report on Friday, July 20th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $89.77.
Shares of DOV stock opened at $82.41 on Friday. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Dover has a fifty-two week low of $70.12 and a fifty-two week high of $90.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 1.30.
In other news, Director Kristiane C. Graham sold 50,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $82.75, for a total value of $4,137,500.00. Following the completion of the transaction, the director now directly owns 367,324 shares in the company, valued at approximately $30,396,061. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fort L.P. bought a new position in shares of Dover in the 2nd quarter valued at $118,000. Centaurus Financial Inc. bought a new position in shares of Dover in the 2nd quarter valued at $127,000. Piedmont Investment Advisors LLC bought a new position in shares of Dover in the 2nd quarter valued at $133,000. Lourd Capital LLC bought a new position in shares of Dover in the 3rd quarter valued at $214,000. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of Dover in the 3rd quarter valued at $225,000. Institutional investors own 90.84% 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 three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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