Dover Corporation (NYSE:DOV) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Dover Corporation (NYSE:DOV) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $212.2727.

Several analysts have recently weighed in on the company. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group set a $200.00 price target on Dover in a report on Friday, October 24th. Morgan Stanley upped their price objective on shares of Dover from $185.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada raised their price target on Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Finally, Robert W. Baird set a $235.00 price objective on shares of Dover in a research note on Friday, October 24th.

Dover Stock Down 0.5%

Shares of Dover stock opened at $185.28 on Friday. The company has a market capitalization of $25.41 billion, a P/E ratio of 11.39, a PEG ratio of 1.40 and a beta of 1.29. The business’s fifty day moving average price is $174.36 and its two-hundred day moving average price is $178.41. Dover has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.04 and a quick ratio of 1.44.

Dover (NYSE:DOV) last announced its earnings results on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. The firm had revenue of $1.78 billion during the quarter. Dover had a net margin of 28.37% and a return on equity of 17.62%. As a group, research analysts forecast that Dover will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.52 dividend. The ex-dividend date is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. Dover’s dividend payout ratio (DPR) is presently 12.79%.

Institutional Trading of Dover

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its stake in shares of Dover by 3.7% in the third quarter. CIBC Private Wealth Group LLC now owns 22,757 shares of the industrial products company’s stock worth $3,797,000 after acquiring an additional 807 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Dover during the 3rd quarter worth about $3,156,000. Centaurus Financial Inc. increased its holdings in shares of Dover by 31.6% during the 3rd quarter. Centaurus Financial Inc. now owns 796 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 191 shares during the period. First Affirmative Financial Network raised its holdings in Dover by 15.4% in the 3rd quarter. First Affirmative Financial Network now owns 1,891 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 253 shares in the last quarter. Finally, Caerus Investment Advisors LLC acquired a new position in shares of Dover in the third quarter valued at $536,000. Institutional investors and hedge funds 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.