Dover Co. (NYSE:DOV) Given Average Recommendation of "Moderate Buy" by Analysts

Dover Co. (NYSE:DOV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $213.91.

Several brokerages have commented on DOV. Oppenheimer reaffirmed an "outperform" rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. UBS Group started coverage on shares of Dover in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $217.00 price target on the stock. Finally, Wolfe Research raised shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 target price for the company in a research note on Monday, October 28th.

Institutional Trading of Dover

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. McClarren Financial Advisors Inc. increased its position in shares of Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company's stock worth $32,000 after acquiring an additional 176 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Dover during the 3rd quarter worth approximately $33,000. Fairscale Capital LLC purchased a new stake in shares of Dover in the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Dover in the second quarter valued at approximately $41,000. Finally, Avior Wealth Management LLC boosted its position in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock valued at $49,000 after buying an additional 167 shares during the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Trading Down 0.2 %

DOV traded down $0.35 during trading on Friday, reaching $201.01. 687,308 shares of the company's stock were exchanged, compared to its average volume of 937,939. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover has a one year low of $143.96 and a one year high of $208.26. The firm has a fifty day moving average price of $197.33 and a two-hundred day moving average price of $187.43. The stock has a market capitalization of $27.58 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. Dover's dividend payout ratio (DPR) is presently 18.43%.

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.