Research Analysts’ Recent Ratings Updates for Dover (DOV)

A number of firms have modified their ratings and price targets on shares of Dover (NYSE: DOV) recently:

• 11/13/2024 – Dover is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $217.00 price target on the stock.
• 11/12/2024 – Dover was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/28/2024 – Dover was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $227.00 price target on the stock.
• 10/28/2024 – Dover was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/25/2024 – Dover had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Dover had its price target raised by analysts at Mizuho from $200.00 to $220.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Dover had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $215.00 price target on the stock, up previously from $210.00.
• 10/2/2024 – Dover had its price target raised by analysts at Barclays PLC from $186.00 to $190.00. They now have an “equal weight” rating on the stock.
• 9/30/2024 – Dover had its price target raised by analysts at Wells Fargo & Company from $190.00 to $197.00. They now have an “equal weight” rating on the stock.
• 9/20/2024 – Dover was upgraded by analysts at Wolfe Research to a “hold” rating.

Dover Price Performance

Dover stock traded up $1.79 during trading hours on Wednesday, hitting $204.14. 260,119 shares of the company traded hands, compared to its average volume of 967,352. The firm has a market cap of $28.01 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.72 and a beta of 1.22. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $189.92 and its two-hundred day simple moving average is $184.27. Dover Co. has a 1-year low of $133.77 and a 1-year high of $204.93.

Dover Dividend Announcement

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover’s dividend payout ratio is currently 18.43%.

Insider Transactions at Dover

In other news, CEO Richard J. Tobin sold 25,004 shares of Dover stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the transaction, the chief executive officer now owns 182,928 shares of the company’s stock, valued at $33,285,578.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Dover news, CEO Richard J. Tobin sold 25,004 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.96, for a total value of $4,549,727.84. Following the completion of the transaction, the chief executive officer now directly owns 182,928 shares in the company, valued at $33,285,578.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the chief financial officer now owns 12,324 shares of the company’s stock, valued at approximately $2,156,700. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,042 shares of company stock valued at $7,368,578 in the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Trading of Dover

Institutional investors have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in shares of Dover during the first quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in Dover during the third quarter valued at approximately $33,000. McClarren Financial Advisors Inc. raised its position in Dover by 4,400.0% during the second quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 176 shares in the last quarter. Fairscale Capital LLC bought a new position in Dover during the second quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Dover during the second quarter valued at approximately $41,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

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.