Dover stock is trading -8.8% below its average target price of $208.87 after marking a 1.9% during today's morning session. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $184.0 to $226.0 per share.
The stock has a very low short interest at 1.3%, and a short ratio of 1.49. The company's insiders own 0.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.2% of Dover's shares being owned by this investor type.
Institutions Invested in Dover
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2024-06-30 | Vanguard Group Inc | 12% | 16,094,317 | $3,065,886,838 |
2024-06-30 | JP Morgan Chase & Company | 8% | 10,852,395 | $2,067,326,932 |
2024-06-30 | Blackrock Inc. | 7% | 9,762,216 | $1,859,653,289 |
2024-06-30 | State Street Corporation | 4% | 6,158,159 | $1,173,098,468 |
2024-06-30 | Price (T.Rowe) Associates Inc | 4% | 5,252,950 | $1,000,660,684 |
2024-06-30 | Franklin Resources, Inc. | 3% | 4,159,649 | $792,392,315 |
2024-06-30 | Geode Capital Management, LLC | 2% | 3,202,723 | $610,102,702 |
2024-06-30 | Bank of America Corporation | 2% | 3,023,424 | $575,947,140 |
2024-06-30 | FMR, LLC | 2% | 2,936,448 | $559,378,647 |
2024-06-30 | Nuveen Asset Management, LLC | 2% | 2,661,086 | $506,923,564 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Dover.