Strategic Blueprint LLC Grows Stock Holdings in Dover Co. (NYSE:DOV)

Strategic Blueprint LLC grew its stake in shares of Dover Co. (NYSE:DOV) by 88.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,012 shares of the industrial products company’s stock after acquiring an additional 946 shares during the period. Strategic Blueprint LLC’s holdings in Dover were worth $377,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Dover during the 3rd quarter valued at $33,000. R Squared Ltd purchased a new position in shares of Dover during the fourth quarter valued at $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the fourth quarter valued at about $38,000. Avior Wealth Management LLC lifted its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 167 shares during the period. Finally, Coastline Trust Co purchased a new position in Dover during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Down 1.0 %

DOV stock opened at $203.42 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 52 week low of $148.45 and a 52 week high of $214.57. The stock has a market capitalization of $27.91 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. The firm has a 50 day moving average of $195.57 and a 200 day moving average of $190.34.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. Sell-side analysts forecast that Dover Co. will post 8.17 earnings per share for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.01%. Dover’s dividend payout ratio is currently 18.43%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Company Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.