Dover (NYSE:DOV) PT Raised to $185.00

Dover (NYSE:DOV) had its target price increased by equities research analysts at Mizuho from $180.00 to $185.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Mizuho’s price target indicates a potential upside of 3.31% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup upped their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Seaport Res Ptn raised Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Robert W. Baird increased their price target on shares of Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Barclays increased their price objective on shares of Dover from $163.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.88.

Dover Stock Up 4.5 %

DOV stock opened at $179.07 on Friday. The company’s 50 day moving average is $171.37 and its 200 day moving average is $154.02. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. Dover has a 1-year low of $127.25 and a 1-year high of $181.49.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 25.95% and a net margin of 12.52%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 EPS. Sell-side analysts predict that Dover will post 9.07 EPS for the current fiscal year.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the completion of the sale, the chief financial officer now directly owns 23,909 shares in the company, valued at $3,897,406.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Stephen M. Todd sold 1,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total transaction of $256,785.00. Following the transaction, the director now owns 22,955 shares in the company, valued at $3,929,666.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last quarter. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DOV. AdvisorNet Financial Inc boosted its position in shares of Dover by 783.3% in the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 188 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Dover during the 4th quarter worth approximately $33,000. Life Planning Partners Inc acquired a new position in Dover during the 4th quarter valued at approximately $35,000. Orion Capital Management LLC purchased a new position in shares of Dover in the third quarter worth $32,000. Finally, Headinvest LLC acquired a new stake in shares of Dover during the third quarter worth $32,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

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.