Dover (NYSE:DOV) Given New $215.00 Price Target at Wells Fargo & Company

Dover (NYSE:DOV) had its price target boosted by analysts at Wells Fargo & Company from $200.00 to $215.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 5.00% from the stock’s current price.

DOV has been the topic of a number of other research reports. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Citigroup cut their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. UBS Group initiated coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $214.64.

Dover Trading Down 0.3 %

Dover stock traded down $0.66 during trading hours on Friday, reaching $204.76. 113,984 shares of the company’s stock traded hands, compared to its average volume of 815,852. Dover has a fifty-two week low of $148.45 and a fifty-two week high of $214.57. The firm’s 50 day moving average is $195.60 and its 200-day moving average is $190.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The firm has a market capitalization of $28.09 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.03 and a beta of 1.23.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. On average, analysts predict that Dover will post 8.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DOV. Versor Investments LP bought a new position in shares of Dover in the third quarter worth $1,920,000. Brendel Financial Advisors LLC boosted its holdings in Dover by 347.7% during the 3rd quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after acquiring an additional 17,685 shares during the period. Assenagon Asset Management S.A. raised its holdings in Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after buying an additional 60,235 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after acquiring an additional 5,372 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after purchasing an additional 4,629 shares during the last quarter. 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.