Dover (NYSE:DOV) Research Coverage Started at BMO Capital Markets

BMO Capital Markets started coverage on shares of Dover (NYSE:DOV) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued a market perform rating and a $237.00 price objective on the industrial products company’s stock.

A number of other research analysts have also weighed in on the stock. Morgan Stanley set a $210.00 target price on shares of Dover in a report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on shares of Dover from $199.00 to $209.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Dover from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. UBS Group set a $256.00 target price on shares of Dover and gave the stock a “buy” rating in a report on Sunday, January 4th. Finally, BNP Paribas Exane started coverage on shares of Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.54.

Dover Trading Up 0.1%

Shares of Dover stock opened at $206.78 on Friday. Dover has a twelve month low of $143.04 and a twelve month high of $237.54. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $216.71 and a 200-day moving average price of $194.98. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.59 and a beta of 1.26.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Dover had a return on equity of 17.87% and a net margin of 13.52%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company earned $2.20 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that Dover will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Dover’s dividend payout ratio is currently 26.20%.

Insider Transactions at Dover

In related news, SVP Ivonne M. Cabrera sold 4,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $233.23, for a total value of $932,920.00. Following the sale, the senior vice president directly owned 72,188 shares of the company’s stock, valued at $16,836,407.24. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Girish Juneja sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.77, for a total transaction of $346,155.00. Following the completion of the sale, the vice president directly owned 8,422 shares of the company’s stock, valued at approximately $1,943,544.94. The trade was a 15.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,497 shares of company stock worth $19,196,277. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after acquiring an additional 1,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dover by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,377 shares of the industrial products company’s stock worth $2,526,000 after purchasing an additional 676 shares during the period. Empowered Funds LLC lifted its position in shares of Dover by 11.8% during the first quarter. Empowered Funds LLC now owns 15,006 shares of the industrial products company’s stock worth $2,636,000 after purchasing an additional 1,580 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Dover during the second quarter valued at $488,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Dover by 0.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 13,609 shares of the industrial products company’s stock valued at $2,494,000 after purchasing an additional 118 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.