Dover (NYSE:DOV) Price Target Increased to $180.00 by Analysts at Barclays

Dover (NYSE:DOVFree Report) had its price objective upped by Barclays from $163.00 to $180.00 in a report published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

DOV has been the topic of several other reports. Wells Fargo & Company raised their price target on Dover from $140.00 to $167.00 and gave the stock an equal weight rating in a research report on Tuesday, December 19th. StockNews.com lowered shares of Dover from a buy rating to a hold rating in a report on Friday, March 22nd. Citigroup increased their price objective on Dover from $167.00 to $173.00 and gave the stock a buy rating in a report on Monday, December 11th. Royal Bank of Canada lifted their price target on shares of Dover from $146.00 to $153.00 and gave the company a sector perform rating in a report on Friday, February 2nd. Finally, Robert W. Baird lifted their target price on shares of Dover from $175.00 to $185.00 and gave the company an outperform rating in a research note on Thursday, March 28th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $170.40.

Get Our Latest Report on Dover

Dover Trading Down 1.0 %

NYSE DOV opened at $173.70 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 1.81 and a beta of 1.27. The stock’s 50-day simple moving average is $165.87 and its two-hundred day simple moving average is $150.33. Dover has a twelve month low of $127.25 and a twelve month high of $178.28.

Dover (NYSE:DOVGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $2.16 earnings per share. Research analysts forecast that Dover will post 9.07 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover’s dividend payout ratio (DPR) is 27.13%.

Insider Activity

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the transaction, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the completion of the transaction, the director now owns 22,955 shares of the company’s stock, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders sold 25,910 shares of company stock worth $4,318,059 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Dover

Large investors have recently made changes to their positions in the stock. Legacy Financial Advisors Inc. lifted its holdings in Dover by 1.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 63 shares during the period. BOKF NA increased its position in shares of Dover by 0.7% during the 4th quarter. BOKF NA now owns 10,057 shares of the industrial products company’s stock valued at $1,547,000 after purchasing an additional 68 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Dover by 4.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,752 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 69 shares during the period. CX Institutional boosted its holdings in shares of Dover by 1.5% in the fourth quarter. CX Institutional now owns 4,933 shares of the industrial products company’s stock worth $759,000 after buying an additional 72 shares during the last quarter. Finally, First Commonwealth Financial Corp PA grew its position in Dover by 2.6% during the fourth quarter. First Commonwealth Financial Corp PA now owns 3,176 shares of the industrial products company’s stock valued at $430,000 after buying an additional 80 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Company Profile

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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.

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Analyst Recommendations for Dover (NYSE:DOV)

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