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

Shares of Dover Co. (NYSE:DOV - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $214.18.

DOV has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Dover from $205.00 to $200.00 and set an "equal weight" rating for the company in a research report on Tuesday. StockNews.com upgraded Dover from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Citigroup lifted their price objective on Dover from $226.00 to $236.00 and gave the company a "buy" rating in a research note on Monday, December 9th. UBS Group began coverage on Dover in a research note on Wednesday, November 13th. They set a "neutral" rating and a $217.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th.

Dover Trading Down 0.5 %

Shares of Dover stock traded down $0.99 during trading hours on Wednesday, hitting $186.99. The company's stock had a trading volume of 653,156 shares, compared to its average volume of 571,111. The firm has a fifty day moving average of $197.05 and a 200-day moving average of $188.55. 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 stock has a market cap of $25.65 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.70 and a beta of 1.23. Dover has a twelve month low of $143.96 and a twelve month high of $208.26.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, November 29th. Dover's dividend payout ratio (DPR) is presently 18.43%.

Institutional Investors Weigh In On Dover

Several institutional investors have recently added to or reduced their stakes in the business. Sterneck Capital Management LLC purchased a new stake in shares of Dover during the 4th quarter worth approximately $217,000. CWA Asset Management Group LLC boosted its stake in Dover by 6.0% in the fourth quarter. CWA Asset Management Group LLC now owns 1,320 shares of the industrial products company's stock valued at $248,000 after acquiring an additional 75 shares in the last quarter. Pensionfund Sabic grew its holdings in shares of Dover by 37.7% during the fourth quarter. Pensionfund Sabic now owns 7,300 shares of the industrial products company's stock worth $1,369,000 after purchasing an additional 2,000 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Dover by 14.9% in the 4th quarter. Nordea Investment Management AB now owns 97,885 shares of the industrial products company's stock valued at $18,300,000 after purchasing an additional 12,709 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Dover by 29.6% in the 4th quarter. GAMMA Investing LLC now owns 1,567 shares of the industrial products company's stock valued at $294,000 after purchasing an additional 358 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.