Dover (NYSE:DOV) Price Target Lowered to $205.00 at Barclays

Dover (NYSE:DOV) had its price target dropped by equities researchers at Barclays from $213.00 to $205.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s price objective would indicate a potential upside of 10.45% from the company’s previous close.

Several other equities analysts have also issued reports on DOV. JPMorgan Chase & Co. raised their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group dropped their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Royal Bank of Canada raised their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Trading Up 0.1 %

NYSE:DOV opened at $185.61 on Wednesday. Dover has a 1 year low of $168.20 and a 1 year high of $222.31. The stock has a market cap of $25.47 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock has a 50-day simple moving average of $194.51 and a 200-day simple moving average of $193.77.

Dover (NYSE:DOV) last announced its quarterly 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 32.95% and a return on equity of 21.03%. As a group, analysts anticipate that Dover will post 9.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dover

A number of large investors have recently made changes to their positions in DOV. Financial Life Planners acquired a new stake in shares of Dover during the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Dover during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC boosted its position in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Dover in the fourth quarter valued at $38,000. Finally, Orion Capital Management LLC purchased a new position in shares of Dover in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

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.