Dover (NYSE:DOV) Upgraded at StockNews.com

StockNews.com upgraded shares of Dover (NYSE:DOV) from a hold rating to a buy rating in a report published on Monday morning.

DOV has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, UBS Group lowered their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Performance

Shares of NYSE:DOV opened at $181.83 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The business’s 50 day moving average price is $195.43 and its 200-day moving average price is $193.63. The firm has a market capitalization of $24.95 billion, a PE ratio of 9.35, a P/E/G ratio of 2.06 and a beta of 1.24. Dover has a 1 year low of $168.20 and a 1 year high of $222.31.

Dover (NYSE:DOV) last issued its quarterly 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 return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts expect that Dover will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.13%. Dover’s dividend payout ratio (DPR) is 10.59%.

Institutional Investors Weigh In On Dover

Large investors have recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in Dover during the 4th quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new stake in Dover during the 3rd quarter worth about $33,000. R Squared Ltd purchased a new stake in Dover during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC increased its holdings in Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the period. Finally, Kieckhefer Group LLC purchased a new stake in Dover during the 4th quarter worth about $38,000. 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.