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

Dover Co. (NYSE:DOV) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $218.91.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Dover Price Performance

NYSE DOV opened at $197.49 on Thursday. The stock’s fifty day moving average price is $195.71 and its 200 day moving average price is $193.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.06 and a beta of 1.24. Dover has a 1 year low of $163.32 and a 1 year high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts forecast that Dover will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. Dover’s payout ratio is currently 10.59%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ameriflex Group Inc. bought a new position in shares of Dover during the 4th quarter valued at about $69,000. Mackenzie Financial Corp grew its position in Dover by 5.1% in the fourth quarter. Mackenzie Financial Corp now owns 13,308 shares of the industrial products company’s stock worth $2,497,000 after buying an additional 641 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Dover by 7.9% in the fourth quarter. Toronto Dominion Bank now owns 73,436 shares of the industrial products company’s stock valued at $13,777,000 after buying an additional 5,378 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Dover during the 4th quarter valued at $539,000. Finally, Orion Capital Management LLC bought a new stake in shares of Dover during the 4th quarter worth $43,000. 84.46% of the stock is owned by institutional investors and hedge funds.

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.