UBS Group Has Lowered Expectations for Dover (NYSE:DOV) Stock Price

Dover (NYSE:DOV) had its price objective lowered by UBS Group from $217.00 to $211.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective points to a potential upside of 3.88% from the stock’s current price.

Several other equities analysts have also recently issued reports on DOV. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday. Mizuho increased their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Trading Down 1.1 %

NYSE:DOV traded down $2.29 during mid-day trading on Friday, reaching $203.13. 645,562 shares of the company’s stock traded hands, compared to its average volume of 840,630. Dover has a 12-month low of $148.45 and a 12-month high of $214.57. The firm has a market capitalization of $27.87 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company has a 50 day moving average price of $195.60 and a 200-day moving average price of $190.22.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. On average, sell-side analysts predict that Dover will post 8.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Financial Life Planners bought a new position in shares of Dover in the 4th quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover in the 3rd quarter valued at about $33,000. R Squared Ltd bought a new stake in Dover in the fourth quarter worth about $34,000. Kieckhefer Group LLC bought a new stake in Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter worth about $46,000. Institutional investors own 84.46% of the company’s stock.

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.