A number of other stock analysts also weighed in on the company. Barclays cut its price target on Dover from $155.00 to $140.00 and set an “equal weight” rating for the company in a Tuesday May 24 research report. Morgan Stanley cut its price target on Dover from $161.00 to $149.00 and set an “equal weight” rating for the company in a Tuesday, May 31 research note. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating and set a price target of $160.00 for the company. in a research note from Wednesday, March 16. Deutsche Bank Aktiengesellschaft cut its price target on Dover from $187.00 to $182.00 and placed a “hold” rating on the stock in a Thursday, April 14 research note. Finally, Robert W. Baird lowered his price target on Dover from $194.00 to $169.00 in a Thursday, April 21 research report. One analyst rated the stock with a sell rating, seven assigned a hold rating and five assigned the company a buy rating. According to data from MarketBeat.com, Dover currently has an average rating of “Hold” and an average target price of $172.83.
DVV traded at $1.91 during Thursday trading hours, reaching $132.71. 647,070 shares were traded, against an average volume of 906,455. The stock has a 50-day simple moving average of $139.22 and a 200-day simple moving average of $157.18. Dover has a 12-month low of $127.04 and a 12-month high of $184.04. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 17.28, a growth price-to-earnings ratio of 1.14 and a beta of 1.42. The company has a debt ratio of 0.69, a current ratio of 1.44 and a quick ratio of 0.85.
Dover (NYSE: DOV – Get a rating) last released its quarterly results on Thursday, April 21. The industrial products company reported EPS of $1.90 for the quarter, beating consensus analyst estimates of $1.84 by $0.06. The company posted revenue of $2.05 billion for the quarter, versus analyst estimates of $2.03 billion. Dover had a return on equity of 27.82% and a net margin of 13.81%. The company’s quarterly revenue increased by 9.8% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $1.81. Sell-side analysts expect Dover to post an EPS of 8.55 for the current year.
In other Dover news, SVP David J. Malinas bought 350 shares in a trade on Monday, April 25. The shares were acquired at an average price of $139.44 per share, with a total value of $48,804.00. As a result of the acquisition, 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, which is available via this link. Additionally, Vice Chairman Anthony K. Kosinski sold 3,287 shares of the company in a trade on Monday, March 14. The stock was sold at an average price of $153.43, for a total transaction of $504,324.41. Disclosure of this sale can be found here. Insiders of the company own 1.20% of the shares of the company.
A number of hedge funds have recently increased or reduced their holdings in the stock. Selective Wealth Management Inc. purchased a new equity stake in Dover during the fourth quarter valued at approximately $27,000. First Community Trust NA purchased a new equity stake in Dover in Q4 worth approximately $30,000. Richwood Investment Advisors LLC bought a new stake in Dover shares in Q4 worth around $31,000. CVA Family Office LLC bought a new position in Dover stock during Q4 for a value of approximately $35,000. Finally, Allworth Financial LP strengthened its position in Dover by 45.2% in the 4th quarter. Allworth Financial LP now owns 196 shares of the industrial products company valued at $36,000 after buying an additional 61 shares during the period. 84.14% of the shares are held by institutional investors.
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 vehicle aftermarket, solid waste management, industrial automation, aerospace and defense, winches and industrial hoists and the fluid distribution end market.
Get news and reviews for Dover Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Dover and related companies with MarketBeat.com’s free daily email newsletter.