DOV

Unpacking Dover Shares' Growth Momentum

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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