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Dover Corporation holds a "Moderate Buy" consensus rating with a target price of $218.18. Recently, JPMorgan Chase & Co. reduced its holdings in Dover by 7.7%, while various hedge funds have adjusted their positions, indicating significant institutional interest. The company reported earnings of $2.20 per share, meeting expectations, and announced a quarterly dividend of $0.515 per share, reflecting a 1.15% yield.
Adage Capital Partners GP L.L.C. increased its stake in Dover Corporation by 31.6%, owning over 2.18 million shares valued at approximately $409.5 million. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and an average price target of $218.18, despite Barclays lowering its target to $205.00. Dover reported a quarterly EPS of $2.20, meeting expectations, and has a market cap of $25.47 billion.
UBS analyst Amit Mehrotra has a positive outlook on the U.S. electrical equipment sector, noting stable end-user demand and strong performances from companies like Carrier Global and Johnson Controls. Despite geopolitical tensions, firms such as Parker-Hannifin and Dover are expected to see order growth, while Johnson Controls has received a rating upgrade to Buy, reflecting confidence in its new CEO and projected earnings growth. However, Melius has downgraded Johnson Controls to Hold, citing concerns over future valuations amid shifting capital spending trends.
UBS has maintained a Neutral rating on Rockwell Automation, setting a price target of $313, as the stock trades near its 52-week high. Despite an 8% decline in organic growth, the company exceeded EPS expectations at $1.80, contributing to a positive market outlook following recent earnings. Analysts from KeyBanc and Oppenheimer have also expressed optimism, with price targets of $345 and $320, respectively, reflecting confidence in Rockwell's growth potential and strategic investments in advanced manufacturing technologies.
Dover Corporation's stock price target was lowered by UBS Group from $217 to $211, maintaining a "neutral" rating. Despite this, Oppenheimer raised its target to $225, while other analysts have varied ratings, resulting in an average "Moderate Buy" rating with a target of $218.91. The stock traded down 1.1% to $203.13, with institutional investors holding 84.46% of shares.
Dover Corporation, which provides a range of industrial products and services, has 84.46% of its stock owned by hedge funds and institutional investors. Analysts have given the stock a "Moderate Buy" rating, with a consensus price target of $213.27, reflecting a potential upside from its current price of $205.27. Recent earnings met expectations, with a reported EPS of $2.20 and a net margin of 18.63%.
Deutsche Bank has raised its price target for Dover Corporation to $209 from $202. Dover, a diversified industrial group, generates net sales from various product families, including material handling equipment (23.7%), fluid management products (21.2%), refrigeration equipment (21.1%), mobile equipment (20.8%), and identification products (13.2%). Geographically, 55.8% of sales come from the United States, followed by Europe (20.8%), Asia (11%), and other regions.
Dover Corporation is a diversified industrial group with net sales distributed across various product families: material handling equipment (23.7%), fluid management products (21.2%), refrigeration technology (21.1%), mobile equipment (20.8%), and identification products (13.2%). Geographically, the company generates 55.8% of its sales in the United States, followed by Europe (20.8%), Asia (11%), the Americas (8.1%), and other regions (4.3%).
Dover Corporation's stock is currently rated as a "Moderate Buy" by analysts, with an average price target of $208.40. Institutional investors hold 84.46% of the shares, while insiders own 1.30%. Recent insider sales include CEO Richard J. Tobin selling 25,004 shares for approximately $4.55 million.
Dover reported weaker-than-expected third-quarter results, leading to a decline in its shares, particularly affecting its industrial AI segment linked to data centers. However, the recent asset sales may be causing confusion regarding the financial figures, and there is optimism about buying the dip.
Dover Corporation
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dover corporation receives moderate buy rating with target price of 218.18
10:30 29.03.2025
adage capital increases stake in dover corporation amid analyst price target changes
14:56 27.03.2025
ubs optimistic on us electrical equipment sector despite geopolitical tensions
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15:14 17.03.2025
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15:25 01.02.2025
deutsche bank raises price target for dover corporation to 209 dollars
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ubs initiates coverage of dover with neutral rating and price target
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Dover faces challenges after disappointing quarter but remains a buy opportunity
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