Dover (NYSE:DOV) Upgraded by StockNews.com to Buy Rating

Dover (NYSE:DOV) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Other equities analysts have also issued research reports about the stock. Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Barclays increased their price target on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.91.

Dover Trading Down 3.9 %

Dover stock opened at $188.81 on Thursday. The stock has a market cap of $25.90 billion, a PE ratio of 16.89, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $197.81 and a 200 day moving average price of $187.69. Dover has a 52 week low of $143.96 and a 52 week high of $208.26.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. McClarren Financial Advisors Inc. lifted its stake in shares of Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Dover during the 3rd quarter worth approximately $33,000. Fairscale Capital LLC purchased a new position in Dover in the 2nd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Dover in the second quarter valued at approximately $41,000. Finally, Avior Wealth Management LLC raised its stake in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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.