Dover (NYSE:DOV) Price Target Raised to $223.00 at The Goldman Sachs Group

Dover (NYSE:DOV) had its price target lifted by equities researchers at The Goldman Sachs Group from $202.00 to $223.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 10.87% from the company’s previous close.

A number of other analysts have also commented on DOV. Wells Fargo & Company lifted their price target on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th. Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Citigroup increased their price target on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a report on Monday, December 9th. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, UBS Group assumed coverage on Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dover has an average rating of “Moderate Buy” and an average price target of $213.91.

Dover Trading Down 0.1 %

Dover stock opened at $201.13 on Thursday. Dover has a one year low of $143.96 and a one year high of $208.26. The business’s fifty day moving average is $197.33 and its 200 day moving average is $187.40. 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 stock has a market capitalization of $27.59 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its holdings in Dover by 35.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company’s stock valued at $1,624,000 after acquiring an additional 2,236 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Dover during the third quarter worth about $1,823,000. Tidal Investments LLC raised its stake in Dover by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 1,063 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Dover in the 3rd quarter worth approximately $525,000. Finally, World Investment Advisors LLC grew its holdings in Dover by 4.2% during the 3rd quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company’s stock valued at $626,000 after buying an additional 131 shares in the last quarter. 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.