Dover (NYSE:DOV) Given New $185.00 Price Target at Barclays

Dover (NYSE:DOV) had its price objective increased by Barclays from $180.00 to $185.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the industrial products company’s stock.

Several other equities analysts have also recently issued reports on DOV. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average target price of $208.58.

Dover Stock Up 2.0 %

Shares of DOV opened at $169.61 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover has a 52 week low of $143.04 and a 52 week high of $222.31. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 2.06 and a beta of 1.24. The stock has a fifty day moving average of $177.63 and a 200-day moving average of $189.78.

Dover (NYSE:DOV) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating the consensus estimate of $2.01 by $0.04. 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.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.21%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Institutional Trading of Dover

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOV. Barclays PLC raised its position in shares of Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after purchasing an additional 75,670 shares during the period. Advisory Resource Group increased its stake in Dover by 2.3% during the 3rd quarter. Advisory Resource Group now owns 24,721 shares of the industrial products company’s stock valued at $4,740,000 after purchasing an additional 557 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Dover by 85.1% in the third quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company’s stock valued at $2,756,000 after buying an additional 6,608 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of Dover by 4.1% during the third quarter. Anchor Investment Management LLC now owns 3,241 shares of the industrial products company’s stock valued at $621,000 after buying an additional 128 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Dover by 4.2% during the third quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 131 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

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.