Dover (NYSE:DOV) had its price objective raised by Bank of America from $95.00 to $105.00 in a research report sent to investors on Wednesday morning. Bank of America currently has a buy rating on the industrial products company’s stock.

Several other equities research analysts also recently issued reports on the company. Barclays lifted their price objective on Dover to $96.00 and gave the stock an overweight rating in a report on Wednesday, September 12th. Oppenheimer restated a hold rating on shares of Dover in a report on Tuesday, September 11th. Stifel Nicolaus lifted their price objective on Dover from $85.00 to $92.00 and gave the stock a hold rating in a report on Wednesday, September 12th. Royal Bank of Canada lifted their price objective on Dover to $86.00 and gave the stock a sector perform rating in a report on Wednesday, September 12th. Finally, UBS Group lifted their price objective on Dover from $80.00 to $86.00 and gave the stock a neutral rating in a report on Thursday, August 30th. Thirteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $92.77.

Shares of NYSE:DOV traded up $0.32 during mid-day trading on Wednesday, hitting $89.16. 14,925 shares of the company traded hands, compared to its average volume of 1,572,559. The company has a market cap of $13.12 billion, a P/E ratio of 22.12, a PEG ratio of 1.54 and a beta of 1.36. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.35. Dover has a 52-week low of $70.12 and a 52-week high of $90.26.

Dover (NYSE:DOV) last announced its earnings results on Thursday, July 19th. The industrial products company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.21 by $0.09. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.78 billion. Dover had a return on equity of 18.66% and a net margin of 9.64%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. analysts predict that Dover will post 4.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were given a $0.48 dividend. This is a positive change from Dover’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.92 annualized dividend and a dividend yield of 2.15%. Dover’s dividend payout ratio (DPR) is presently 47.64%.

In other news, Director Kristiane C. Graham sold 50,000 shares of Dover stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $82.75, for a total value of $4,137,500.00. Following the completion of the transaction, the director now owns 367,324 shares in the company, valued at approximately $30,396,061. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of DOV. Boston Partners boosted its position in Dover by 110.3% during the 2nd quarter. Boston Partners now owns 5,131,152 shares of the industrial products company’s stock valued at $375,601,000 after purchasing an additional 2,691,480 shares during the period. Bank of America Corp DE boosted its position in Dover by 15.9% during the 2nd quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares during the period. Cornerstone Wealth Management LLC boosted its position in Dover by 7,946.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 319,697 shares of the industrial products company’s stock valued at $4,384,000 after purchasing an additional 315,724 shares during the period. Schroder Investment Management Group boosted its position in Dover by 80.2% during the 2nd quarter. Schroder Investment Management Group now owns 699,811 shares of the industrial products company’s stock valued at $50,925,000 after purchasing an additional 311,500 shares during the period. Finally, Northern Trust Corp boosted its position in Dover by 15.2% during the 2nd quarter. Northern Trust Corp now owns 2,323,795 shares of the industrial products company’s stock valued at $170,101,000 after purchasing an additional 306,116 shares during the period. Institutional investors own 90.69% of the company’s stock.

Dover Company Profile

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Analyst Recommendations for Dover (NYSE:DOV)

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