Dover (NYSE:DOV) Price Target Cut to $200.00 by Analysts at Wells Fargo & Company

Dover (NYSE:DOV) had its price target reduced by equities researchers at Wells Fargo & Company from $205.00 to $200.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 6.43% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Mizuho increased their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Barclays lifted their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. UBS Group assumed coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective for the company. Finally, Citigroup lifted their target price on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.18.

Dover Stock Down 0.1 %

Shares of DOV traded down $0.11 on Tuesday, hitting $187.92. The company’s stock had a trading volume of 55,462 shares, compared to its average volume of 386,251. The firm’s fifty day moving average price is $197.13 and its 200-day moving average price is $188.52. Dover has a fifty-two week low of $143.96 and a fifty-two week high of $208.26. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $25.78 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 2.70 and a beta of 1.23.

Institutional Trading of Dover

Large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter worth about $33,000. Fairscale Capital LLC acquired a new position in Dover during the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC bought a new stake in Dover in the second quarter valued at approximately $41,000. Avior Wealth Management LLC lifted its position 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 valued at $49,000 after buying an additional 167 shares during the last quarter. Finally, Coastline Trust Co bought a new position in shares of Dover during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds 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.