Dover Co. (NYSE:DOV) Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its position in shares of Dover Co. (NYSE:DOV) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,751 shares of the industrial products company’s stock after buying an additional 258 shares during the quarter. Allworth Financial LP’s holdings in Dover were worth $547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management raised its stake in shares of Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after buying an additional 52 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares during the last quarter. ORG Partners LLC raised its stake in Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares during the last quarter. Trust Point Inc. raised its stake in Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Dover by 2.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 0.8 %

DOV opened at $206.56 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $28.35 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The business has a 50-day moving average of $195.53 and a two-hundred day moving average of $192.28. Dover Co. has a 12 month low of $159.58 and a 12 month high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, research analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

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 issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is currently 10.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their target price on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

About Dover

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.