Dover (NYSE:DOV) PT Raised to $186.00

Dover (NYSE:DOV) had its price target boosted by investment analysts at Barclays from $180.00 to $186.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price points to a potential upside of 3.24% from the company’s previous close.

A number of other brokerages have also issued reports on DOV. Oppenheimer upped their target price on shares of Dover from $177.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Royal Bank of Canada increased their price objective on shares of Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Robert W. Baird increased their price objective on shares of Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Mizuho increased their price objective on shares of Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Dover Stock Performance

Shares of Dover stock opened at $180.17 on Friday. The firm has a market cap of $24.75 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27. The firm’s 50-day simple moving average is $171.75 and its 200-day simple moving average is $154.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 1.40. Dover has a 1 year low of $127.25 and a 1 year high of $181.49.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.41%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. Equities analysts forecast that Dover will post 9.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the transaction, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brad M. Cerepak sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the sale, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders sold 25,910 shares of company stock valued at $4,318,059 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Dover

Hedge funds and other institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC raised its position in shares of Dover by 0.3% during the first quarter. Yousif Capital Management LLC now owns 64,383 shares of the industrial products company’s stock worth $11,408,000 after purchasing an additional 217 shares during the period. YHB Investment Advisors Inc. purchased a new position in Dover during the 1st quarter worth approximately $128,000. SlateStone Wealth LLC acquired a new stake in Dover during the 1st quarter valued at $989,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Dover by 1.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 57,662 shares of the industrial products company’s stock valued at $10,217,000 after purchasing an additional 547 shares in the last quarter. Finally, Freedom Day Solutions LLC acquired a new stake in shares of Dover in the first quarter worth $229,000. Institutional investors own 84.46% of the company’s stock.

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.