Dover (NYSE:DOV) Stock Rating Lowered by StockNews.com

Dover (NYSE:DOV - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Several other research analysts have also issued reports on DOV. Wells Fargo & Company raised their price target on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Oppenheimer restated an "outperform" rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their target price on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Barclays reduced their price target on shares of Dover from $213.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.18.

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Dover Trading Down 2.5 %

Shares of DOV stock traded down $4.52 on Wednesday, reaching $174.63. 608,913 shares of the stock were exchanged, compared to its average volume of 924,226. The stock has a 50 day moving average price of $193.63 and a 200 day moving average price of $193.64. The stock has a market cap of $23.94 billion, a PE ratio of 8.98, a P/E/G ratio of 2.06 and a beta of 1.24. Dover has a one year low of $168.20 and a one year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts forecast that Dover will post 9.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Dover

Hedge funds have recently modified their holdings of the stock. Financial Life Planners bought a new position in Dover in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Dover during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of Dover during the 4th quarter worth about $38,000. Finally, Orion Capital Management LLC acquired a new stake in Dover in the 4th quarter valued at about $43,000. 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.