Dover Co. (NYSE:DOV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Dover Co. (NYSE:DOV) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $214.18.

A number of research firms have recently commented on DOV. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Wells Fargo & Company dropped their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday. UBS Group assumed coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

Dover Stock Down 0.1 %

DOV stock opened at $187.93 on Wednesday. Dover has a one year low of $143.96 and a one year high of $208.26. The company has a 50 day moving average price of $197.05 and a two-hundred day moving average price of $188.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The stock has a market capitalization of $25.78 billion, a P/E ratio of 16.81, a PEG ratio of 2.70 and a beta of 1.23.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. Dover’s dividend payout ratio is presently 18.43%.

Hedge Funds Weigh In On Dover

Several hedge funds have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC raised its stake in Dover by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after purchasing an additional 25,993 shares during the period. FMR LLC lifted its holdings in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dover by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock worth $271,702,000 after buying an additional 60,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after buying an additional 17,193 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

About Dover

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.