The Goldman Sachs Group Boosts Dover (NYSE:DOV) Price Target to $223.00

Dover (NYSE:DOV) had its target price hoisted by stock analysts at The Goldman Sachs Group from $202.00 to $223.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 10.87% from the stock’s current price.

Several other research analysts have also recently issued reports on DOV. JPMorgan Chase & Co. raised their target price on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Citigroup raised their price target on shares of Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company upped their price target on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.91.

Dover Trading Down 0.1 %

Shares of DOV stock opened at $201.13 on Thursday. The business has a 50-day moving average of $197.33 and a 200 day moving average of $187.40. 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 1-year low of $143.96 and a 1-year high of $208.26. The stock has a market capitalization of $27.59 billion, a PE ratio of 17.99, a P/E/G ratio of 2.70 and a beta of 1.22.

Institutional Investors Weigh In On Dover

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its position in shares of Dover by 35.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 2,236 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Dover in the third quarter worth $1,823,000. Tidal Investments LLC increased its holdings in shares of Dover by 10.8% during the third quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company’s stock valued at $2,093,000 after acquiring an additional 1,063 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Dover in the 3rd quarter worth about $525,000. Finally, World Investment Advisors LLC boosted its stake in Dover by 4.2% in the 3rd quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

About Dover

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.