Dover (NYSE:DOV) Now Covered by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley initiated coverage on shares of Dover (NYSE:DOV - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an "equal weight" rating and a $185.00 price target on the industrial products company's stock. Morgan Stanley's target price points to a potential upside of 15.13% from the company's current price.

Several other brokerages have also recently issued reports on DOV. Oppenheimer reissued an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Citigroup lowered their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Barclays lowered their price target on shares of Dover from $205.00 to $180.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. UBS Group dropped their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.17.

Dover Price Performance

DOV traded down $1.27 during trading on Monday, hitting $160.69. 3,019,094 shares of the company traded hands, compared to its average volume of 965,945. The stock's 50-day simple moving average is $180.65 and its two-hundred day simple moving average is $190.47. Dover has a 1 year low of $143.04 and a 1 year high of $222.31. The company has a market cap of $22.02 billion, a PE ratio of 8.26, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts' consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, sell-side analysts anticipate that Dover will post 9.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dover

Several institutional investors have recently bought and sold shares of the company. Financial Life Planners purchased a new stake in Dover during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in Dover during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Dover during the 4th quarter valued at approximately $38,000. Finally, Orion Capital Management LLC acquired a new position in Dover in the fourth quarter valued at approximately $43,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

About Dover

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.