Dover (NYSE:DOV) Price Target Cut to $180.00 by Analysts at Barclays

Dover (NYSE:DOV) had its target price reduced by stock analysts at Barclays from $205.00 to $180.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential upside of 10.95% from the company’s current price.

DOV has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price objective on Dover from $230.00 to $189.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company raised their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Citigroup cut their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.18.

Dover Stock Up 1.7 %

NYSE:DOV opened at $162.23 on Thursday. The company has a market cap of $22.24 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $184.81 and a 200-day simple moving average of $191.50.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Analysts anticipate that Dover will post 9.45 EPS for the current year.

Hedge Funds Weigh In On Dover

A number of large investors have recently made changes to their positions in DOV. Ecofi Investissements SA raised its position in shares of Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company’s stock valued at $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management increased its stake in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 52 shares in the last quarter. ORG Partners LLC lifted its stake in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the period. Trust Point Inc. grew its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after buying an additional 59 shares during the last quarter. Finally, JGP Wealth Management LLC increased its position in shares of Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after acquiring an additional 62 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

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.