Kingsview Wealth Management LLC Sells 89 Shares of Dover Co. (NYSE:DOV)

Kingsview Wealth Management LLC decreased its holdings in shares of Dover Co. (NYSE:DOV) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,524 shares of the industrial products company’s stock after selling 89 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Dover were worth $473,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Dover by 5.3% in the 3rd quarter. CWM LLC now owns 2,639 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 132 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Dover by 488.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,295 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 1,075 shares in the last quarter. NBC Securities Inc. raised its holdings in Dover by 2.9% in the 3rd quarter. NBC Securities Inc. now owns 5,204 shares of the industrial products company’s stock valued at $997,000 after acquiring an additional 149 shares in the last quarter. Swedbank AB raised its holdings in Dover by 76.6% in the 3rd quarter. Swedbank AB now owns 15,053 shares of the industrial products company’s stock valued at $2,886,000 after acquiring an additional 6,529 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its holdings in Dover by 2.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,224 shares of the industrial products company’s stock valued at $1,193,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on DOV shares. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Barclays raised their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Trading Up 0.8 %

Shares of DOV opened at $202.76 on Friday. The stock has a fifty day moving average price of $195.23 and a two-hundred day moving average price of $191.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 52-week low of $159.23 and a 52-week high of $222.31. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Analysts predict that Dover Co. will post 9.47 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Dover 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.