Dover (NYSE:DOV) Given New $213.00 Price Target at Barclays

Dover (NYSE:DOV) had its price target lifted by stock analysts at Barclays from $205.00 to $213.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective suggests a potential upside of 3.77% from the company’s current price.

Several other brokerages have also issued reports on DOV. Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, Mizuho increased their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus target price of $213.27.

Dover Price Performance

Shares of NYSE:DOV opened at $205.27 on Friday. Dover has a one year low of $148.45 and a one year high of $214.57. The company’s fifty day moving average price is $195.60 and its 200-day moving average price is $190.22. The firm has a market capitalization of $28.16 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. On average, equities research analysts anticipate that Dover will post 8.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dover

A number of institutional investors have recently added to or reduced their stakes in DOV. Sanctuary Advisors LLC bought a new stake in Dover in the 2nd quarter valued at $3,175,000. Czech National Bank boosted its stake in Dover by 6.9% during the third quarter. Czech National Bank now owns 28,001 shares of the industrial products company’s stock valued at $5,369,000 after buying an additional 1,812 shares during the last quarter. SG Americas Securities LLC grew its holdings in Dover by 167.7% during the 3rd quarter. SG Americas Securities LLC now owns 101,591 shares of the industrial products company’s stock valued at $19,479,000 after buying an additional 63,638 shares in the last quarter. Burns J W & Co. Inc. NY bought a new stake in Dover in the 3rd quarter worth approximately $302,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Dover by 15.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 39,522 shares of the industrial products company’s stock worth $7,578,000 after acquiring an additional 5,177 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

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.