Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Dover Co. (NYSE:DOV - Get Rating)'s share price reached a new 52-week low during trading on Thursday after Morgan Stanley lowered their price target on the stock from $149.00 to $139.00. Morgan Stanley currently has an equal weight rating on the stock. Dover traded as low as $114.50 and last traded at $116.01, with a volume of 2824 shares. The stock had previously closed at $117.37.

A number of other brokerages also recently issued reports on DOV. The Goldman Sachs Group lowered their price target on Dover from $176.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, June 23rd. Mizuho decreased their price target on shares of Dover from $175.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, July 18th. Wells Fargo & Company lifted their price target on Dover to $135.00 in a research note on Friday, July 22nd. Citigroup dropped their target price on shares of Dover from $156.00 to $149.00 in a report on Monday. Finally, StockNews.com started coverage on shares of Dover in a report on Wednesday. They issued a "buy" rating for the company. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.00.Institutional Investors Weigh In On Dover

Several hedge funds have recently made changes to their positions in DOV. Crewe Advisors LLC acquired a new position in shares of Dover during the second quarter worth about $25,000. TCI Wealth Advisors Inc. grew its stake in shares of Dover by 115.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 259 shares of the industrial products company's stock worth $31,000 after purchasing an additional 139 shares during the period. Hallmark Capital Management Inc. acquired a new position in Dover during the second quarter worth about $33,000. FinTrust Capital Advisors LLC purchased a new position in Dover in the first quarter valued at about $44,000. Finally, Clear Street Markets LLC lifted its position in shares of Dover by 411.9% during the 2nd quarter. Clear Street Markets LLC now owns 302 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 83.96% of the company's stock. Dover Stock Down 1.2 %

The firm has a 50 day moving average of $127.64 and a two-hundred day moving average of $131.54. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $16.65 billion, a PE ratio of 14.93, a P/E/G ratio of 1.01 and a beta of 1.35.

Dover (NYSE:DOV - Get Rating) last posted its earnings results on Thursday, July 21st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Dover had a return on equity of 26.94% and a net margin of 13.90%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company earned $2.06 EPS. Dover's revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Dover Co. will post 8.5 earnings per share for the current year. Dover Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.74%. This is a boost from Dover's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 30th. Dover's payout ratio is 25.70%. Dover Company Profile (Get Rating)

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.Read MoreGet a free copy of the StockNews.com research report on Dover (DOV)Constellation Brands Stock May Offer Safety in the Market Storm Amgen Shares Leap Higher On Upbeat Outlook For Obesity TreatmentO'Reilly & AutoZone Outperform The S&P: Is Either A Better Stock?Three Dividend Growers the Institutions Are Buying Institutional Investors Are Buying These Two Stocks

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Dover, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dover wasn't on the list.

While Dover currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Brian Mulberry brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.