Dover (NYSE:DOV - Get Free Report) had its target price decreased by analysts at Wells Fargo & Company from $205.00 to $200.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Wells Fargo & Company's price objective suggests a potential upside of 6.42% from the company's current price.
Several other analysts have also recently issued reports on the company. Oppenheimer reiterated an "outperform" rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. UBS Group assumed coverage on shares of Dover in a research report on Wednesday, November 13th. They set a "neutral" rating and a $217.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Dover from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th. Finally, Citigroup lifted their target price on Dover from $226.00 to $236.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $214.18.
View Our Latest Research Report on DOV
Dover Price Performance
Dover stock traded down $0.10 during mid-day trading on Tuesday, hitting $187.93. The stock had a trading volume of 692,521 shares, compared to its average volume of 550,605. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average is $197.13 and its 200 day moving average is $188.52. The firm has a market capitalization of $25.78 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.70 and a beta of 1.23. Dover has a one year low of $143.96 and a one year high of $208.26.
Institutional Investors Weigh In On Dover
Several hedge funds and other institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC increased 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 worth $248,000 after purchasing an additional 75 shares during the period. Pensionfund Sabic raised its holdings in shares of Dover by 37.7% in the fourth quarter. Pensionfund Sabic now owns 7,300 shares of the industrial products company's stock valued at $1,369,000 after acquiring an additional 2,000 shares in the last quarter. Nordea Investment Management AB grew its holdings in Dover by 14.9% during the 4th quarter. Nordea Investment Management AB now owns 97,885 shares of the industrial products company's stock worth $18,300,000 after acquiring an additional 12,709 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $294,000 after purchasing an additional 358 shares during the period. Finally, Versant Capital Management Inc raised its stake in Dover by 2,650.0% in the fourth quarter. Versant Capital Management Inc now owns 385 shares of the industrial products company's stock worth $72,000 after buying an additional 371 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
Dover Company Profile
(
Get Free Report)
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.
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