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

Dover Co. (NYSE:DOVGet Free Report) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $185.75.

A number of research firms have recently weighed in on DOV. Citigroup lifted their price objective on Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Mizuho upped their price target on shares of Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Royal Bank of Canada upped their target price on shares of Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company raised their price target on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, April 26th.

Read Our Latest Report on Dover

Insider Transactions at Dover

In related news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now directly owns 22,955 shares of the company’s stock, valued at $3,929,666.45. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Stephen M. Todd sold 1,500 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the sale, the director now owns 22,955 shares in the company, valued at $3,929,666.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brad M. Cerepak sold 6,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares of the company’s stock, valued at approximately $3,164,699.39. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Dover

Large investors have recently added to or reduced their stakes in the stock. BSW Wealth Partners boosted its holdings in shares of Dover by 1.2% in the 1st quarter. BSW Wealth Partners now owns 4,930 shares of the industrial products company’s stock worth $874,000 after purchasing an additional 59 shares during the period. Summit Trail Advisors LLC boosted its stake in Dover by 2.6% during the first quarter. Summit Trail Advisors LLC now owns 2,333 shares of the industrial products company’s stock worth $413,000 after buying an additional 60 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Dover by 5.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 62 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Dover by 1.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 63 shares during the period. Finally, CWM LLC lifted its holdings in shares of Dover by 2.7% in the 1st quarter. CWM LLC now owns 2,456 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 65 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $184.18 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. Dover has a 12-month low of $127.25 and a 12-month high of $187.80. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25. The firm has a 50 day moving average of $177.98 and a 200 day moving average of $161.83.

Dover (NYSE:DOVGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts anticipate that Dover will post 9.1 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, May 31st. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Dover Company Profile

(Get Free Report

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.

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Analyst Recommendations for Dover (NYSE:DOV)

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