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

Shares of Dover Co. (NYSE:DOV) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $218.91.

A number of equities research analysts have recently issued reports on DOV shares. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays boosted their target price on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in shares of Dover in the 3rd quarter valued at $1,920,000. Wolverine Asset Management LLC raised its stake in Dover by 78.6% in the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 5,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after buying an additional 60,235 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after acquiring an additional 5,372 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Dover by 54.3% in the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after acquiring an additional 4,629 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 3.2 %

DOV stock opened at $189.91 on Thursday. Dover has a one year low of $167.87 and a one year high of $222.31. The firm has a market cap of $26.06 billion, a PE ratio of 9.76, a PEG ratio of 2.06 and a beta of 1.24. The firm’s 50 day moving average price is $196.00 and its 200-day moving average price is $193.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

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

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.08%. Dover’s payout ratio is 10.59%.

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.