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

Shares of Dover Co. (NYSE:DOV) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $218.91.

A number of research analysts have issued reports on DOV shares. Oppenheimer restated an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. The Goldman Sachs Group upped their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Barclays upped their target price on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

Hedge Funds Weigh In On Dover

Several hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC grew its stake in shares of Dover by 1.4% in the third quarter. Pathstone Holdings LLC now owns 21,356 shares of the industrial products company’s stock valued at $4,095,000 after buying an additional 288 shares in the last quarter. Prospera Financial Services Inc bought a new stake in shares of Dover during the third quarter worth about $263,000. Avior Wealth Management LLC lifted its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dover by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after buying an additional 9,464 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Dover by 13.7% during the third quarter. Raymond James Trust N.A. now owns 4,399 shares of the industrial products company’s stock worth $843,000 after purchasing an additional 529 shares during the period. 84.46% of the stock is owned by institutional investors.

Dover Stock Down 0.8 %

Shares of NYSE DOV opened at $179.78 on Monday. The firm’s 50-day simple moving average is $194.60 and its 200 day simple moving average is $193.62. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover has a 12-month low of $168.20 and a 12-month high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts expect that Dover will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.15%. Dover’s dividend payout ratio is currently 10.59%.

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.