Dover (NYSE: DOV – Get a rating) has been updated by a note “hold” rating to a “buy” in a research report published Friday.

A number of other brokerage firms have also recently weighed on DOV. Barclays cut its price target on shares of Dover from $ 160.00 to 155.00 $ and set a rating of “Equal Weight” for the company in a report Friday, April 22. Citigroup raised its price target on shares of Dover $ $ 218.00 to 221.00 in a report on Friday, January 28th. Zacks Investment Research Dover has reduced the shares of a rating “buy” rating to a “hold” and set a target price of $ 160.00 for the company. in a report on Wednesday, March 16th. Royal Bank of Canada reduced its target price on shares of Dover from $ 170.00 to 162.00 $ and established a rating of “sector performance” for the company in a report Friday, April 22. Finally, Morgan Stanley cut its price target on shares of Dover from $ 177.00 to 161.00 $ and set a rating of “Equal Weight” for the company in a report Friday, April 22. A research analyst estimated the title with a rating of sale, six gave a retention rating and six gave a rating of purchase under. According to data from MarketBeat, the company has a consensus rating of “Hold” and a target price of $ 175.08 average.

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Dover Shares traded up $ 1.48 on Friday, hitting $ 132.83. The company had a trading volume of 786,921 shares against an average volume of 905 888. The company has a simple moving average of 50 days and $ 148.02 a simple moving average on 200 days $ 162.42. The company has a debt ratio of 0.69, a current ratio of 1.44 and a quick ratio of 0.85. The company has a market capitalization of 19.15 billion, a PE ratio of 17.30, a PEG ratio of 1.08 and a beta of 1.42. Dover has a minimum of 52 weeks $ 128.31 and a maximum of 52 weeks of $ 184,04.

Dover (NYSE: DOV – Get a rating) Last released its earnings quarterly data Thursday, April 21. The industrial products company reported $ 1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.84 by $ 0.06. The company had sales of $ 2.05 billion in the quarter, compared with analysts’ expectations of $ 2.03 billion. Dover had a net margin of 13.81% and a return on equity of 27.82%. The turnover of the company increased by 9.8% on an annual basis yoy. During the same period last year, the company posted $ 1.81 earnings per share. On average, equity research analysts predict that Dover will display 8.57 earnings per share for the current fiscal year.

Separately, SVP David J. Malinas purchased 350 shares of the company in a transaction on Monday, April 25. The stock was purchased at an average price of $139.44 per share, with a total value of $48,804.00. As a result of the purchase, the senior vice president now directly owns 2,744 shares of the company, valued at approximately $382,623.36. The transaction was disclosed in an SEC filing, available at this hyperlink. Additionally, CEO Richard J. Tobin sold 31,515 shares of Dover in a trade on Thursday, March 3. The shares were sold at an average price of $156.91, for a total transaction of $4,945,018.65. Disclosure of this sale can be found here. company insiders hold 1.20% of the shares of the company.

Several hedge funds have recently increased or reduced their stakes in PVP. FMR LLC increased its Dover equity interest of 32.3% in Q1. FMR LLC now holds 167,288 shares of the company of industrial products 15.692 million valued at $ 40,841 after purchasing additional shares in the last quarter. Mackenzie Financial Corp. has increased its stake in Dover shares of 42.4% in Q3. Mackenzie Financial Corp. now owns 8721 shares of the company of industrial products valued at $ 1.356 million after purchasing 2,597 additional shares in the last quarter. Jennison Associates LLC has increased its stake in Dover shares of 3.6% in Q3. Jennison Associates LLC now holds 6,639 shares in the company of industrial products valued at $ 1.032 million after buying 228 additional shares in the last quarter. Barclays PLC increased its stake in the shares of Dover from 19.2% in Q3. Barclays PLC now holds 241,683 shares of the industrial products company valued at $ 37,583,000 after purchasing 39,005 additional shares in the last quarter. Finally, 55I LLC has acquired a new interest in shares of Dover in the 3rd quarter with a value of $ 204,000. 84.14% of shares are held by institutional investors and hedge funds.

About Dover (Get a rating)

Dover Corporation provides equipment and components, consumables, spare parts, software and digital solutions and support services worldwide. The engineered products segment provides various equipment, components, software, solutions and services that are used in the after-sales service vehicles, solid waste management, industrial automation, aerospace and defense, winches and industrial hoists and the final market of the fluid distribution.

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