Dover Co. (NYSE:DOV – Get Rating) inventory has obtained a median advice of “Moderate Buy” from the 12 brokers masking the corporate, stories Marketbeat Ratings. Four fairness analysts have given the inventory a maintain score and 4 have issued a purchase score to the corporate. The common 1-year goal value amongst brokers who’ve up to date their protection of the inventory over the previous yr is $147.09.
DOV has been the topic of a number of latest analyst stories. Morgan Stanley lowered its value goal on Dover shares to $138.00 from $139.00 and gave the inventory an “equal weight” score in a analysis notice on Monday, October 24. Citigroup lowered its value goal on Dover shares to $149.00 from $156.00 in a analysis notice on Monday, October 10. Deutsche Bank Aktiengesellschaft elevated its value goal for Dover shares to $137.00 from $132.00 and gave the inventory a “hold” score in a analysis notice on Thursday, October. The Royal Bank of Canada lowered its goal value on Dover shares from $131. Finally, in a analysis report on Friday, November 4, StockNews.com downgraded Dover shares from a score of “hold” to a “buy.” -Rating upgraded.
Dover shares up 0.4%
DOV opened at $142.76 on Friday. The firm has a 50-day transferring common of $127.72 and a 200-day transferring common of $128.39. The firm has a market cap of $20.04 billion, a P/E of 17.73, a price-to-earnings-to-growth ratio of 1.20 and a beta of 1.35. Dover has a 12-month low of $114.49 and a 12-month excessive of $184.04. The firm has a present ratio of 1.17, a fast ratio of 0.68 and a debt-to-equity ratio of 0.71.
Dover (NYSE:DOV – Get Rating) final launched its quarterly earnings knowledge on Thursday, October twentieth. The industrial merchandise firm reported $2.26 per share for the quarter, beating the consensus estimate of $2.20 by $0.06. Dover had a 13.93% web margin and a 27.62% return on fairness. The firm had income of $2.16 billion for the quarter, in comparison with the consensus estimate of $2.15 billion. In the identical interval final yr, the corporate earned $1.98 per share. Dover’s income rose 6.9% yr over yr within the quarter. On common, sell-side analysts count on Dover to publish 8.44 EPS for the yr so far.
Dover dividend announcement
The firm additionally lately introduced a quarterly dividend, which might be paid on Thursday, December fifteenth. Investors of report on Wednesday, November 30 will obtain a dividend of $0.505. That equates to an annual dividend of $2.02 and a yield of 1.41%. The ex-dividend date is Tuesday November twenty ninth. Dover’s payout ratio presently stands at 25.09%.
Insider shopping for and promoting
In associated information, VP Anthony Ok. Kosinski bought 2,203 shares of Dover in a transaction on Monday, October 24. The shares bought at a median value of $126.18 for a complete worth of $277,974.54. Following the transaction, the Vice President now owns 5,353 shares of the Company, valued at roughly $675,441.54. The sale was disclosed in a submitting with the SEC, which is on the market by way of the SEC’s web site. 1.20% of the shares are owned by firm insiders.
Institutional traders fee Dover
Major traders have lately elevated or decreased their stakes within the firm. Crewe Advisors LLC acquired a brand new $25,000 curiosity in Dover throughout the second quarter. MV Capital Management Inc. elevated its stake in Dover by 308.8% within the third quarter. MV Capital Management Inc. now owns 233 shares of the $27,000 industrial merchandise firm after buying a further 176 shares final quarter. Ellevest Inc. elevated its stake in Dover by 47.0% throughout the third quarter. Ellevest Inc. now owns 244 shares of the $28,000 industrial merchandise firm after shopping for one other 78 shares final quarter. TCI Wealth Advisors Inc. elevated its stake in Dover by 115.8% throughout the second quarter. TCI Wealth Advisors Inc. now owns 259 shares of the $31,000 industrial merchandise firm after buying a further 139 shares final quarter. Finally, Hallmark Capital Management Inc. acquired a brand new stake in Dover inventory valued at about $33,000 throughout the second quarter. Institutional traders personal 83.96% of the corporate’s shares.
Dover Corporation gives tools and elements, consumables, aftermarket components, software program and digital options, and help companies worldwide. The Engineered Products section gives varied tools, elements, software program, options and companies used in the long run markets of aftermarket car service, stable waste disposal, industrial automation, aerospace and protection, industrial winches and hoists, and fluid allotting.
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