Dover (NYSE:DOV) Upgraded to Buy at StockNews.com

Dover (NYSE:DOV) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

DOV has been the subject of several other reports. Mizuho lifted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. UBS Group lowered their price target on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Up 0.4 %

DOV traded up $0.85 on Tuesday, hitting $203.13. 842,495 shares of the company were exchanged, compared to its average volume of 917,118. The firm has a 50-day moving average price of $195.44 and a two-hundred day moving average price of $190.59. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover has a twelve month low of $156.59 and a twelve month high of $222.31. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities analysts predict that Dover will post 9.42 earnings per share for the current year.

Institutional Investors Weigh In On Dover

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB lifted its position in Dover by 15.1% in the third quarter. Handelsbanken Fonder AB now owns 39,522 shares of the industrial products company’s stock valued at $7,578,000 after purchasing an additional 5,177 shares during the period. Czech National Bank boosted its position in shares of Dover by 6.9% during the 3rd quarter. Czech National Bank now owns 28,001 shares of the industrial products company’s stock worth $5,369,000 after purchasing an additional 1,812 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Dover by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,209 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 507 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Dover by 11.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,774 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 183 shares during the period. Finally, CWM LLC boosted its holdings in Dover by 5.3% during the third quarter. CWM LLC now owns 2,639 shares of the industrial products company’s stock worth $506,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Company Profile

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.