Brokerages Set Dover Co. (NYSE:DOV) PT at $208.40

Dover Co. (NYSE:DOV) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $208.40.

Several research analysts recently issued reports on the stock. UBS Group began coverage on shares of Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price for the company. 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. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price objective on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Monday, September 30th.

Dover Stock Performance

DOV opened at $205.63 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover has a 12-month low of $137.73 and a 12-month high of $207.74. The firm has a 50 day moving average of $193.70 and a two-hundred day moving average of $185.61. The firm has a market capitalization of $28.21 billion, a PE ratio of 18.39, a P/E/G ratio of 2.75 and a beta of 1.22.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s payout ratio is presently 18.43%.

Insider Buying and Selling

In other Dover news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ivonne M. Cabrera sold 1,220 shares of Dover stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $185.00, for a total value of $225,700.00. Following the transaction, the senior vice president now directly owns 47,060 shares in the company, valued at approximately $8,706,100. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Trading of Dover

Large investors have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of Dover in the first quarter valued at approximately $27,000. McClarren Financial Advisors Inc. raised its position 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 during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Dover in the 3rd quarter worth $33,000. Fairscale Capital LLC purchased a new stake in shares of Dover in the second quarter valued at about $34,000. Finally, Transcendent Capital Group LLC increased its stake in shares of Dover by 208.0% during the first quarter. Transcendent Capital Group LLC now owns 231 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds 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.