Barclays Issues Positive Forecast for Dover (NYSE:DOV) Stock Price

Dover (NYSE:DOV) had its price target lifted by Barclays from $190.00 to $205.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price objective on Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Monday, September 30th. Finally, UBS Group started coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.90.

Dover Stock Performance

Shares of DOV opened at $201.46 on Thursday. The stock has a market cap of $27.64 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.73 and a beta of 1.22. The stock has a 50-day moving average of $196.21 and a two-hundred day moving average of $186.85. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. Dover has a one year low of $142.44 and a one year high of $208.26.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.02%. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Institutional Investors Weigh In On Dover

Large investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Dover during the 3rd quarter worth approximately $33,000. McClarren Financial Advisors Inc. increased its stake in Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after buying an additional 176 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Dover during the 2nd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new stake in Dover during the 2nd quarter worth approximately $41,000. Finally, Avior Wealth Management LLC increased its stake in Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after buying an additional 167 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

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.