Dover (NYSE:DOV) Given New $213.00 Price Target at Barclays

Dover (NYSE:DOV) had its target price upped by Barclays from $205.00 to $213.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Several other research firms also recently commented on DOV. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Mizuho raised their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. decreased their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Down 1.0 %

Shares of Dover stock opened at $203.42 on Friday. Dover has a fifty-two week low of $148.45 and a fifty-two week high of $214.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The company has a market cap of $27.91 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. The firm has a 50-day simple moving average of $195.57 and a two-hundred day simple moving average of $190.34.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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, equities analysts predict that Dover will post 8.17 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.01%. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares during the period. National Bank of Canada FI lifted its stake in Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after purchasing an additional 144,930 shares in the last quarter. Barclays PLC boosted its position in shares of Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after buying an additional 75,670 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Dover in the third quarter valued at $14,459,000. Finally, SG Americas Securities LLC raised its holdings in shares of 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 period. Hedge funds and other institutional investors 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.