Dover (NYSE:DOV) Now Covered by UBS Group

Equities researchers at UBS Group started coverage on shares of Dover (NYSE:DOV) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $217.00 price target on the industrial products company’s stock. UBS Group’s price target would indicate a potential upside of 7.23% from the company’s current price.

Several other research analysts also recently weighed in on DOV. Wells Fargo & Company lifted their target price on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Monday, September 30th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. Robert W. Baird restated an “outperform” rating and issued a $208.00 price target on shares of Dover in a research note on Monday, July 22nd. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada lifted their price target on Dover from $192.00 to $193.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.40.

Dover Trading Down 1.1 %

Shares of DOV stock opened at $202.36 on Wednesday. The business’s 50 day moving average is $189.92 and its two-hundred day moving average is $184.27. Dover has a twelve month low of $130.75 and a twelve month high of $204.93. The company has a market capitalization of $27.76 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling at Dover

In other news, CEO Richard J. Tobin sold 25,004 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Richard J. Tobin sold 25,004 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the sale, the chief executive officer now owns 182,928 shares of the company’s stock, valued at $33,285,578.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brad M. Cerepak sold 14,818 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.00, for a total value of $2,593,150.00. Following the completion of the transaction, the chief financial officer now directly owns 12,324 shares of the company’s stock, valued at $2,156,700. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,042 shares of company stock valued at $7,368,578. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new stake in Dover during the first quarter valued at approximately $27,000. McClarren Financial Advisors Inc. raised its stake in Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after buying an additional 176 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Dover during the third quarter valued at approximately $33,000. Fairscale Capital LLC acquired a new stake in Dover during the second quarter valued at approximately $34,000. Finally, Transcendent Capital Group LLC raised its stake in Dover by 208.0% during the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock valued at $41,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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.