Analysts at UBS Group started coverage on shares of Dover (NYSE:DOV) in a report released on Monday, The Fly reports. The firm set a “neutral” rating on the industrial products company’s stock.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada reaffirmed a “hold” rating and set a $105.00 price objective on shares of Dover in a research note on Wednesday, January 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price objective (up from $100.00) on shares of Dover in a research note on Tuesday, January 16th. ValuEngine downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective on shares of Dover in a research note on Monday, October 23rd. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $98.75.
Shares of Dover (NYSE:DOV) traded up $0.43 during trading hours on Monday, hitting $104.84. 776,629 shares of the stock traded hands, compared to its average volume of 843,514. The company has a market capitalization of $16,330.00, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. Dover has a 52-week low of $75.51 and a 52-week high of $105.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of Dover by 388.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,694 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,347 shares during the period. Cape Cod Five Cents Savings Bank purchased a new stake in Dover in the third quarter worth about $201,000. NBT Bank N A NY purchased a new stake in Dover in the third quarter worth about $202,000. South State Corp purchased a new stake in Dover in the third quarter worth about $208,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Dover in the third quarter worth about $209,000. Institutional investors own 84.61% of the company’s stock.
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Dover Company Profile
Dover Corporation is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. The Company’s segments include Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The Company’s Energy segment is a provider of solutions and services for production and processing of fuels around the world.
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