Dover Corp (NYSE:DOV) has earned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $99.00.

DOV has been the topic of several research reports. Citigroup dropped their price objective on shares of Dover from $125.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Royal Bank of Canada dropped their price objective on shares of Dover from $86.00 to $78.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 22nd. Barclays lowered their target price on shares of Dover from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Deutsche Bank lowered their target price on shares of Dover from $127.00 to $99.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Finally, Morgan Stanley upped their target price on shares of Dover from $94.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd.

Shares of DOV opened at $84.94 on Thursday. The company has a market capitalization of $12.49 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41. Dover has a one year low of $62.95 and a one year high of $120.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.29 and a quick ratio of 0.89. The company’s fifty day moving average price is $87.14 and its 200 day moving average price is $104.10.

Dover (NYSE:DOV) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.18 by $0.21. Dover had a net margin of 10.59% and a return on equity of 29.80%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Dover will post 4.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $1.96 dividend on an annualized basis and a yield of 2.31%. Dover’s dividend payout ratio (DPR) is presently 33.05%.

In other Dover news, Director Kristiane C. Graham sold 4,822 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $120.02, for a total value of $578,736.44. Following the completion of the sale, the director now owns 346,892 shares of the company’s stock, valued at $41,633,977.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric A. Spiegel bought 500 shares of the stock in a transaction on Monday, March 16th. The stock was purchased at an average cost of $79.00 per share, with a total value of $39,500.00. Following the purchase, the director now directly owns 5,682 shares of the company’s stock, valued at approximately $448,878. The disclosure for this purchase can be found here. 0.98% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Dover by 0.6% during the 4th quarter. State Street Corp now owns 7,883,553 shares of the industrial products company’s stock worth $908,658,000 after buying an additional 43,232 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dover by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 2,383,025 shares of the industrial products company’s stock valued at $199,661,000 after buying an additional 85,201 shares during the period. Nuveen Asset Management LLC increased its holdings in Dover by 4.6% in the 4th quarter. Nuveen Asset Management LLC now owns 1,905,033 shares of the industrial products company’s stock valued at $219,574,000 after buying an additional 83,640 shares during the period. Alliancebernstein L.P. increased its holdings in Dover by 26.8% in the 1st quarter. Alliancebernstein L.P. now owns 1,514,248 shares of the industrial products company’s stock valued at $127,106,000 after buying an additional 320,123 shares during the period. Finally, Inverness Counsel LLC NY grew its holdings in shares of Dover by 21.5% during the 1st quarter. Inverness Counsel LLC NY now owns 1,365,422 shares of the industrial products company’s stock valued at $114,614,000 after purchasing an additional 241,557 shares during the last quarter. Institutional investors and hedge funds own 87.15% 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 through 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 and 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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Analyst Recommendations for Dover (NYSE:DOV)

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