Dover (NYSE:DOV) Price Target Lowered to $211.00 at UBS Group

Dover (NYSE:DOV) had its price target trimmed by UBS Group from $217.00 to $211.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup cut their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Performance

Shares of DOV opened at $203.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company’s fifty day moving average price is $195.57 and its 200 day moving average price is $190.34. The company has a market capitalization of $27.91 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. Dover has a one year low of $148.45 and a one year high of $214.57.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. As a group, analysts expect that Dover will post 8.17 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.01%. Dover’s dividend payout ratio is presently 18.43%.

Institutional Trading of Dover

A number of large investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Dover by 313.7% in 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 period. Barclays PLC lifted its holdings in shares of Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Dover during the third quarter worth about $14,459,000. Finally, SG Americas Securities LLC raised its position in Dover by 167.7% in the 3rd quarter. SG Americas Securities LLC now owns 101,591 shares of the industrial products company’s stock valued at $19,479,000 after buying an additional 63,638 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

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.