Citigroup Raises Dover (NYSE:DOV) Price Target to $236.00

Dover (NYSE:DOV) had its price objective hoisted by Citigroup from $226.00 to $236.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target points to a potential upside of 17.21% from the stock’s previous close.

Several other brokerages also recently commented on DOV. Mizuho raised their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their price target on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Oppenheimer reiterated an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Finally, Barclays upped their price target on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $213.00.

Dover Stock Down 0.2 %

Shares of Dover stock opened at $201.34 on Monday. The firm has a market cap of $27.62 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.71 and a beta of 1.22. The stock’s 50-day moving average is $196.63 and its 200 day moving average is $187.08. 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 has a one year low of $143.52 and a one year high of $208.26.

Institutional Trading of Dover

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Dover by 162.2% in the second quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company’s stock valued at $124,195,000 after acquiring an additional 425,768 shares in the last quarter. Interval Partners LP boosted its position in Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company’s stock worth $105,216,000 after purchasing an additional 305,436 shares during the last quarter. FMR LLC grew its stake in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the period. National Bank of Canada FI increased its position in shares of Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after purchasing an additional 144,930 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in shares of Dover during the 2nd quarter worth $17,323,000. 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.