Dover (NYSE:DOV) Stock Rating Lowered by StockNews.com

Dover (NYSE:DOV) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other equities research analysts have also recently issued reports on the stock. Mizuho increased their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. UBS Group started coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Citigroup dropped their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.55.

Dover Stock Performance

Dover stock opened at $194.39 on Wednesday. The firm has a market capitalization of $26.67 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.15 and a beta of 1.23. The stock has a fifty day moving average price of $196.43 and a two-hundred day moving average price of $188.79. Dover has a 52-week low of $143.96 and a 52-week high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the third quarter worth approximately $33,000. Fairscale Capital LLC bought a new stake in shares of Dover during the 2nd quarter valued at $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover in the 4th quarter valued at $38,000. Avior Wealth Management LLC grew 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 worth $49,000 after purchasing an additional 167 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of Dover during the third quarter worth $50,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

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.