Recent Investment Analysts’ Ratings Updates for Dover (DOV)

Several analysts have recently updated their ratings and price targets for Dover (NYSE: DOV):

• 12/19/2024 – Dover was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/12/2024 – Dover had its price target raised by analysts at The Goldman Sachs Group, Inc. from $202.00 to $223.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Dover was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/9/2024 – Dover had its price target raised by analysts at Citigroup Inc. from $226.00 to $236.00. They now have a “buy” rating on the stock.
• 12/5/2024 – Dover had its price target raised by analysts at Barclays PLC from $190.00 to $205.00. They now have an “equal weight” rating on the stock.
• 11/13/2024 – Dover is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $217.00 price target on the stock.
• 11/12/2024 – Dover was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/28/2024 – Dover was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $227.00 price target on the stock.
• 10/28/2024 – Dover was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/25/2024 – Dover had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have an “overweight” rating on the stock.

Dover Stock Up 0.8 %

Dover stock traded up $1.52 during mid-day trading on Tuesday, reaching $190.33. 215,467 shares of the company’s stock were exchanged, compared to its average volume of 937,056. The company has a fifty day moving average of $197.73 and a 200-day moving average of $187.94. The company has a market cap of $26.11 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a twelve month low of $143.96 and a twelve month high of $208.26.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 18.43%.

Institutional Trading of Dover

Several institutional investors and hedge funds have recently made changes to their positions in DOV. Principal Financial Group Inc. grew its stake in shares of Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after purchasing an additional 5,372 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Dover by 35.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company’s stock worth $1,624,000 after acquiring an additional 2,236 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Dover during the third quarter worth about $1,823,000. Tidal Investments LLC boosted its holdings in Dover by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Dover during the 3rd quarter worth approximately $525,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

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.