Dover Stock (NYSE:DOV), Trade Ideas

Dover

Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. It operates through five segments: engineered systems, clean energy, and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.

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The Nasdaq 100 closed lower by around 1.5% on Friday. Investors, meanwhile, focused on some notable insider trades.

Alphabet, Dover And 2 Other Stocks Insiders Are Selling

HOOD

SHAK

The Nasdaq 100 closed higher by 0.2% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Robinhood, Shake Shack And 2 Other Stocks Insiders Are Selling

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Analyst Ratings

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Pinterest To Rally Over 20%? Here Are 10 Top Analyst Forecasts For Monday

Dover Corp

Dovu

Dovalue SpA

Dovarri Inc

Oppenheimer analyst Bryan Blair maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Outperform and raises the price target from $177 to $187.

Oppenheimer Maintains Outperform on Dover, Raises Price Target to $187

Citigroup analyst Andrew Kaplowitz maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Buy and raises the price target from $180 to $205.

Citigroup Maintains Buy on Dover, Raises Price Target to $205

Barclays analyst Julian Mitchell maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $163 to $180.

Barclays Maintains Equal-Weight on Dover, Raises Price Target to $180

Baird analyst Michael Halloran maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Outperform and raises the price target from $175 to $185.

Baird Maintains Outperform on Dover, Raises Price Target to $185

Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $173.6, a high estimate of $190.00, and a low estimate of $153.00. This upward trend is apparent, with the current average reflecting a 7.49% increase from the previous average price target of $161.50.
<img src="https://www.benzinga.com/files/images/story/2024/1711659612_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Dover by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Halloran</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$185.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Walt Liptak</td>
<td>Seaport Global</td>
<td>Announces</td>
<td>Buy</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$163.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$153.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Dover. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Dover compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Dover's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dover's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DOV/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dover analyst ratings.</a>
<h2>About Dover</h2>
Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. It operates through five segments: engineered systems, clean energy, and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
<h3>Key Indicators: Dover's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Challenges: Dover's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.56%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Dover's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.07%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Dover's ROE stands out, surpassing industry averages. With an impressive ROE of 5.96%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Dover's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.68%, the company showcases efficient use of assets and strong financial health.
Debt Management: Dover's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.72, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Dover

The Nasdaq 100 closed lower by around 1.5% on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>ANI Pharmaceuticals </h3>
<ul>
<li>The Trade: ANI Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anip#NASDAQ">ANIP</a>) President and CEO Nikhil Lalwani <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 62,317 shares </a> at an average price of $66.27. The insider received around $4.13 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 29, ANI Pharmaceuticals posted upbeat quarterly earnings.</li>
<li>What ANI Pharmaceuticals Does: ANI Pharmaceuticals Inc develops, manufactures, and markets generic prescription pharmaceuticals. It manufactures liquid, powder, and oral solid dose products.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>R1 RCM</h3>
<ul>
<li>The Trade: R1 RCM Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcm#NASDAQ">RCM</a>) President John M. Sparby <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 13,796 shares </a> at an average price of $14.33. The insider received around $143,959 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 27, R1 RCM posted downbeat quarterly sales.</li>
<li>What R1 RCM Does: R1 RCM Inc is a provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers.</li>
</ul>
<h3>Dover </h3>
<ul>
<li>The Trade: Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) Director Stephen M. Todd <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,500 shares </a> at an average price of $171.19. The insider received around $256,785 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 1, Dover reported fourth-quarter fiscal 2023 revenue of $2.106 billion, a decline of 1.6% year-over-year, missing the consensus of $2.16 billion.</li>
<li>What Dover Does: Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services.</li>
</ul>
<h3>Alphabet </h3>
<ul>
<li>The Trade: Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) President, CFO Ruth Porat <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 48,077 shares </a> at an average price of $137.22. The insider received around $6.6 million from selling those shares.</li>
<li>What&rsquo;s Happening: Alphabet&rsquo;s Google has revealed that its latest Pixel 8 smartphone will miss out on the highly-anticipated Gemini Nano AI feature.</li>
<li>What Alphabet Does: Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google services account for nearly 90% of Alphabet&#39;s revenue, of which more than 85% is from online ads.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/24/03/37558463/top-3-consumer-stocks-that-may-collapse-this-month"> Top 3 Consumer Stocks That May Collapse This Month </a>

The Nasdaq 100 closed higher by 0.2% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Dover </h3>
<ul>
<li>The Trade: Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) Senior VP and CFO Brad M Cerepak <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 18,410 shares </a> at an average price of $163.01. The insider received around $3 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 1, Dover reported fourth-quarter fiscal 2023 revenue of $2.106 billion, a decline of 1.6% year-over-year, missing the consensus of $2.16 billion.</li>
<li>What Dover Does: Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Signet Jewelers</h3>
<ul>
<li>The Trade: Signet Jewelers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sig#NYSE">SIG</a>) Oded Edelman <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 7,911 shares </a> at an average price of $105.36. The insider received around $833,505 from selling those shares.</li>
<li>What&rsquo;s Happening: Signet Jewelers said it will announce its fourth quarter on March 20, 2024.</li>
<li>What Signet Jewelers Does: Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others.</li>
</ul>
<h3>Shake Shack </h3>
<ul>
<li>The Trade: Shake Shack Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>) Director Michael C McQuinn <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 30,000 shares </a> at an average price of $100.12. The insider received around $3 million from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 15, Shake Shack reported better-than-expected fourth-quarter financial results.</li>
<li>What Shake Shack Does: Shake Shack Inc is a roadside burger stand. It is serving a classic American menu of premium burgers, hot dogs, crispy chicken, frozen custard, crinkle-cut fries, shakes, beer, wine and more.</li>
</ul>
<h3>Robinhood </h3>
<ul>
<li>The Trade: Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) Chief Brokerage Officer Steven M. Quirk <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 60,895 shares </a> at an average price of $14.43. The insider received around $878,544 from selling those shares.</li>
<li>What&rsquo;s Happening: On Feb. 15, Robinhood Markets reported January 2024 operating data.</li>
<li>What Robinhood Does: Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37356180/salesforce-tjx-and-3-stocks-to-watch-heading-into-wednesday"> Salesforce, TJX And 3 Stocks To Watch Heading Into Wednesday </a>
&nbsp;

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4098193-1&amp;h=2871268073&amp;u=https%3A%2F%2Fwww.doveresg.com%2F&amp;a=Environmental+Solutions+Group">Environmental Solutions Group</a> (ESG),&nbsp;part of <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4098193-1&amp;h=419666679&amp;u=https%3A%2F%2Fwww.dovercorporation.com%2F&amp;a=Dover">Dover</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) and the leading integrated provider of refuse collection vehicles and equipment, digital fleet technology solutions, waste hauler software, and compaction and recycling solutions, today announced the expansion of its Connected Collections&#xAE; suite with the introduction of Recycling and Waste Facility Contamination Detection technology through its company 3rd Eye&#xAE;. This groundbreaking 3rd Eye SaaS product broadens ESG's digital offerings across the recycling, solid waste, and organics processing verticals, rounding out its comprehensive approach to automated solid waste and recycling management.
"Solid waste haulers, transfer stations, Materials Recovery Facilities (MRFs), and organics processing centers are facing increasing pressure to divert traffic and waste from landfills," said Eric Monsen, Vice President of Sales and Marketing for ESG. "When targeted through traditional manual methods, this objective is highly complex and presents a formidable challenge, fraught with safety dangers, inefficiencies, and high costs. By leveraging our Connected Collections strategy, customers are able to directly confront these challenges with the detection and association of contaminants directly at their source. This not only enhances safety and efficiency, but also simplifies billing processes and supports sustainability efforts, while simultaneously improving the bottom line."
3rd Eye solutions portfolio enables end-to-end contamination detection with systems installed on refuse collection vehicles, scale houses, balers, compactors, transfer stations, and waste and recycling processing centers. The vision of Connected Collections ties together the complete story to document when, where, who, and how a waste stream becomes contaminated.
From Heil and Marathon&#xAE; Equipment to 3rd Eye with Connected Collections, ESG is providing a complete picture of the issue to pass to Soft-Pak&#xAE;. In addition, the connection with Scale-Pak&#xAE; creates an improved billing process that utilizes information and media captured by Connected Collections' systems.
"Soft-Pak clients who manage and run MRFs, Transfer Stations, and Landfills have expressed a significant need to better manage contamination at their facilities," said Brian Porter, President of Soft-Pak. "The 3rd Eye Recycling and Waste Facility Contamination technology will easily integrate with Scale-Pak, allowing scale operators and facility operations to have video and photo of inappropriate disposal material right in their user interface. The integration of this product into our Soft-Pak module addresses a gap for our customers and has been met with excitement by our user base. This technology will provide Scale-Pak operators with a comprehensive view of their waste stream and a significant return on investment that can be realized in just a few months."
To learn more about ESG's products and offerings, please visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4098193-1&amp;h=2667248374&amp;u=https%3A%2F%2Fwww.doveresg.com%2F&amp;a=www.doveresg.com">www.doveresg.com</a>.

Environmental Solutions Group Announces Further Expansion Of Innovative Solid Waste & Recycling Technology Solutions

Dover's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) short percent of float has risen 7.56% since its last report. The company recently reported that it has 1.99 million shares sold short, which is 1.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Dover Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707241512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dover has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Dover's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dover's peer group average for short interest as a percentage of float is 3.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Dover?

Seaport Global analyst Walt Liptak upgrades Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) from Neutral to Buy and announces $190 price target.

Upgrades

Seaport Global Upgrades Dover to Buy, Announces $190 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Raymond James cut the price target for Skechers U.S.A., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) from $68 to $66. Raymond James analyst Rick Patel maintained an Outperform rating. Skechers shares declined 10.3% to close at $57.04 on Friday. <a href="https://www.benzinga.com/quote/SKX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) price target from $37 to $48. Keybanc analyst Justin Patterson maintained an Overweight rating. Pinterest shares rose 5.8% to close at $39.75 on Friday. <a href="https://www.benzinga.com/quote/PINS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies boosted the price target for Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) from $68 to $80. Jefferies analyst Akash Tewari upgraded the stock from Hold to Buy. Apellis Pharmaceuticals shares rose 0.7% to close at $62.56 on Friday. <a href="https://www.benzinga.com/quote/APLS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan increased LyondellBasell Industries N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyb#NYSE">LYB</a>) price target from $95 to $100. JP Morgan analyst Jeffrey Zekaukas upgraded the stock from Neutral to Overweight. LyondellBasell shares fell 1.9% to close at $92.86 on Friday. <a href="https://www.benzinga.com/quote/LYB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Cantor Fitzgerald boosted the price target for The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) from $334 to $372. Cantor Fitzgerald analyst Sarah James upgraded the stock from Neutral to Overweight. Cigna shares rose 5.4% to close at $323.84 on Friday. <a href="https://www.benzinga.com/quote/CI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut the price target for Markel Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkl#NYSE">MKL</a>) from $1,680 to $1,500. Jefferies analyst Andrew Andersen downgraded the stock from Buy to Hold. Markel shares gained 1.2% to close at $1,412.41 on Friday. <a href="https://www.benzinga.com/quote/MKL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut Mattel, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) price target from $24 to $19. JP Morgan analyst Christopher Horvers downgraded the stock from Overweight to Neutral. Mattel shares rose 4.1% to close at $19.02 on Friday. <a href="https://www.benzinga.com/quote/MAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) price target from $55 to $68. TD Cowen analyst Helane Becker upgraded the stock from Market Perform to Outperform. SkyWest shares gained 8.2% to close at $58.51 on Friday. <a href="https://www.benzinga.com/quote/SKYW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James boosted AbbVie Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abbv#NYSE">ABBV</a>) price target from $181 to $189. Raymond James analyst Gary Nachman maintained an Outperform rating. AbbVie shares rose 0.6% to close at $168.67 on Friday. <a href="https://www.benzinga.com/quote/ABBV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays boosted Dover Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dov#NYSE">DOV</a>) price target from $150 to $163. Barclays analyst Julian Mitchell maintained an Equal-Weight rating. Dover shares rose 1.4% to close at $158.75 on Friday. <a href="https://www.benzinga.com/quote/DOV/analyst-ratings">See how other analysts view this stock.</a></li>
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Barclays analyst Julian Mitchell maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $150 to $163.

Barclays Maintains Equal-Weight on Dover, Raises Price Target to $163

Across the recent three months, 4 analysts have shared their insights on Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $167.5, a high estimate of $177.00, and a low estimate of $153.00. This current average reflects an increase of 6.69% from the previous average price target of $157.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1706900432_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Dover by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bryan Blair</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$153.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$167.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$173.00</td>
<td>$167.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Dover. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dover compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Dover's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dover's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DOV/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Dover analyst ratings.</a>
<h2>About Dover</h2>
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
<h3>Unraveling the Financial Story of Dover</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Challenges: Dover's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -0.23%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Dover's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.46%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.1%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Dover's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.67% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Dover's debt-to-equity ratio surpasses industry norms, standing at 0.65. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Dover

Oppenheimer analyst Bryan Blair maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Outperform and raises the price target from $175 to $177.

Oppenheimer Maintains Outperform on Dover, Raises Price Target to $177

RBC Capital analyst Deane Dray maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Sector Perform and raises the price target from $146 to $153.

RBC Capital Maintains Sector Perform on Dover, Raises Price Target to $153

Dover Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) reported fourth-quarter fiscal 2023 revenue of $2.106 billion, a decline of 1.6% year-over-year, missing the consensus of $2.16 billion.&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n36884052/dover-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">Organic revenue fell 3%.</a>
Adjusted EPS was $2.45, up by 13% Y/Y, beating the consensus of $2.42.
Gross profit increased 2.5% to $785.76 million with a profit margin of 37.3%, up 150 bps.
Operating income for the quarter climbed slightly by 0.50% to $354.47 million, and margin expanded by 35 bps to 16.8%.
Total adjusted segment EBITDA grew 3.34% to $500.54 million, and margin expanded by 113 bps to 23.8%.
Operating cash flow for the quarter totaled $516.35 million compared to $338.64 million. Free cash flow was $455.34 million.
The company ended the quarter with cash and cash equivalents of $398.56 million.
&#8220;We reduced production volumes in certain product lines in line with our mid-year forecasts in response to destocking trends that resulted from lead time normalization and higher inventory carrying costs driven by interest rate increases. We believe these proactive actions balanced channel inventories in the majority of our markets with forecasted demand for 2024,&#8221; commented Dover&#8217;s President and Chief Executive Officer, Richard J. Tobin.&nbsp;&nbsp;
&#8220;We expect demand conditions to progressively improve from the fourth quarter exit rate through the year on solid underlying end markets across most of the portfolio, supported by the recent positive year-over-year order momentum,&#8221; added Tobin.
2024 Outlook:&nbsp;Dover expects GAAP EPS of $7.90-$8.10 and adjusted EPS of $8.95-$9.15 versus consensus of $9.24.
Dover sees revenue growth of 2%-4% and 1%-3% on an organic basis.
Price Action:&nbsp;DOV shares are trading higher by 1.63% at $152.22 on the last check Thursday.

Earnings

Equities

Guidance

Dover Surpasses EPS Forecasts Despite Q4 Revenue Slip, Sets Positive Tone For 2024 Growth

In 2024, Dover expects to generate GAAP EPS in the range of&nbsp;$7.90&nbsp;to&nbsp;$8.10&nbsp;(adjusted EPS of&nbsp;$8.95&nbsp;to&nbsp;$9.15), based on full year revenue growth of&nbsp;2%&nbsp;to&nbsp;4%&nbsp;(1%&nbsp;to&nbsp;3%&nbsp;on an organic basis).

For 2024 Dover Expects GAAP EPS Of $7.90 To $8.10 And Adjusted EPS Of $8.95 To $9.15 Vs. Consensus Of $9.24; It Sees Revenue Growth Of 2%-4% And 1%-3% On An Organic Basis

Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) reported quarterly adjusted earnings of $2.45 per share which beat the analyst consensus estimate of $2.43 by 0.82 percent. This is a 13.43 percent increase over earnings of $2.16 per share from the same period last year. The company reported quarterly sales of $2.11 billion which missed the analyst consensus estimate of $2.16 billion by 2.50 percent. This is a 1.54 percent decrease over sales of $2.14 billion the same period last year.

Dover Q4 Adj. EPS $2.45 Beats $2.43 Estimate, Sales $2.11B Miss $2.16B Estimate

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Earnings Scheduled For February 1, 2024

Dover Corp (DOV) stock has gained 0.74% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Dover Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DOV!See Full DOV ReportWhat is Stock Sentiment?Sentiment uses short term technical

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