Global Retirement Partners LLC Has $166,000 Holdings in Dover Co. (NYSE:DOV)

Global Retirement Partners LLC decreased its position in shares of Dover Co. (NYSE:DOV) by 78.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 886 shares of the industrial products company’s stock after selling 3,263 shares during the period. Global Retirement Partners LLC’s holdings in Dover were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DOV. Financial Life Planners acquired a new stake in Dover during the 4th quarter valued at $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the third quarter worth $33,000. R Squared Ltd acquired a new stake in shares of Dover in the fourth quarter valued at $34,000. Kieckhefer Group LLC bought a new position in shares of Dover in the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover during the 4th quarter worth about $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.4 %

NYSE:DOV opened at $197.49 on Thursday. The firm has a market capitalization of $27.10 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $163.32 and a 1-year high of $222.31. The business’s 50-day moving average price is $195.71 and its two-hundred day moving average price is $193.08. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

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

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is currently 10.59%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. 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 report on Friday, January 31st. Barclays upped their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.