Analysts Set Dover Corporation (NYSE:DOV) PT at $211.55

Dover Corporation (NYSE:DOV) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $211.5455.

DOV has been the topic of several research analyst reports. Robert W. Baird set a $235.00 price objective on Dover in a research note on Friday, October 24th. Royal Bank Of Canada boosted their price objective on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Citigroup reissued a “buy” rating and issued a $226.00 price objective (up previously from $202.00) on shares of Dover in a research report on Monday, July 14th. Barclays lifted their target price on shares of Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, UBS Group set a $200.00 price target on Dover in a report on Friday, October 24th.

Hedge Funds Weigh In On Dover

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Financial Advisors Inc. lifted its position in shares of Dover by 1.4% during the first quarter. Legacy Financial Advisors Inc. now owns 4,134 shares of the industrial products company’s stock worth $726,000 after purchasing an additional 57 shares in the last quarter. Mission Wealth Management LP increased its stake in Dover by 0.8% during the 3rd quarter. Mission Wealth Management LP now owns 7,493 shares of the industrial products company’s stock worth $1,250,000 after buying an additional 58 shares during the period. Summit Financial LLC lifted its holdings in Dover by 0.9% in the 1st quarter. Summit Financial LLC now owns 6,599 shares of the industrial products company’s stock worth $1,159,000 after buying an additional 60 shares in the last quarter. Harbour Investments Inc. boosted its position in Dover by 51.7% in the 2nd quarter. Harbour Investments Inc. now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its stake in shares of Dover by 0.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 6,911 shares of the industrial products company’s stock valued at $1,266,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.6%

Shares of NYSE DOV opened at $178.50 on Tuesday. The stock has a market capitalization of $24.48 billion, a PE ratio of 10.98, a P/E/G ratio of 1.40 and a beta of 1.29. The company has a quick ratio of 1.44, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $171.96 and a 200-day moving average of $177.07. Dover has a 52-week low of $143.04 and a 52-week high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The firm had revenue of $1.78 billion for the quarter. On average, analysts anticipate that Dover will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.52 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Dover’s dividend payout ratio (DPR) is 12.79%.

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.