Dover (NYSE:DOV) Hits New 52-Week Low - Time to Sell?

Dover Co. (NYSE:DOV - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $163.73 and last traded at $163.73, with a volume of 255647 shares trading hands. The stock had previously closed at $179.02.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group lowered their price objective 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. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Royal Bank of Canada lifted their price target on Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Finally, Barclays lowered their price target on Dover from $213.00 to $205.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $218.18.

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Dover Price Performance

The company has a market cap of $20.48 billion, a P/E ratio of 7.59, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock has a 50-day simple moving average of $190.78 and a 200 day simple moving average of $193.12.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly 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%. On average, equities analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.38%. Dover's dividend payout ratio is currently 10.59%.

Institutional Investors Weigh In On Dover

Several large investors have recently made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of Dover during the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted 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 stake in Dover during the 4th quarter worth $38,000. Finally, Orion Capital Management LLC bought a new stake in shares of Dover during the 4th quarter valued at $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.