Dover (DOV) to Release Earnings on Tuesday

Dover (NYSE:DOV – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, January 31st. Analysts expect Dover to post earnings of $2.15 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Dover Trading Up 1.1 %

Shares of DOV stock traded up $1.49 during mid-day trading on Tuesday, reaching $143.21. The stock had a trading volume of 724,863 shares, compared to its average volume of 744,079. The stock’s 50-day moving average price is $138.89 and its two-hundred day moving average price is $131.74. Dover has a 52-week low of $114.49 and a 52-week high of $175.10. The firm has a market capitalization of $20.10 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 0.68 and a debt-to-equity ratio of 0.71.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were given a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Tuesday, November 29th. Dover’s dividend payout ratio is currently 25.09%.

Hedge Funds Weigh In On Dover

Several institutional investors have recently bought and sold shares of DOV. Vanguard Group Inc. grew its stake in Dover by 1.3% during the first quarter. Vanguard Group Inc. now owns 16,895,470 shares of the industrial products company’s stock valued at $2,650,899,000 after acquiring an additional 224,091 shares in the last quarter. Prudential Financial Inc. lifted its position in Dover by 86.6% during the first quarter. Prudential Financial Inc. now owns 288,090 shares of the industrial products company’s stock valued at $45,202,000 after purchasing an additional 133,666 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Dover by 39.1% during the first quarter. Goldman Sachs Group Inc. now owns 441,989 shares of the industrial products company’s stock valued at $69,348,000 after purchasing an additional 124,190 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dover by 94.3% during the first quarter. Renaissance Technologies LLC now owns 204,600 shares of the industrial products company’s stock valued at $32,102,000 after purchasing an additional 99,300 shares during the last quarter. Finally, Robeco Schweiz AG lifted its position in Dover by 40.8% during the first quarter. Robeco Schweiz AG now owns 330,253 shares of the industrial products company’s stock valued at $51,817,000 after purchasing an additional 95,683 shares during the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DOV shares. Barclays boosted their price target on shares of Dover from $122.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, January 5th. Royal Bank of Canada dropped their target price on shares of Dover from $131.00 to $128.00 and set a “sector perform” rating on the stock in a research note on Friday, October 21st. Mizuho upped their target price on shares of Dover from $143.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, January 13th. Wells Fargo & Company increased their price objective on shares of Dover from $145.00 to $149.00 and gave the company an “equal weight” rating in a research report on Thursday, January 19th. Finally, Credit Suisse Group assumed coverage on shares of Dover in a research report on Monday, December 12th. They set an “outperform” rating and a $171.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.73.

Dover Company Profile

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Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.