Private Advisor Group LLC Raises Stake in Dover Co. (NYSE:DOV)

Private Advisor Group LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,345 shares of the industrial products company’s stock after buying an additional 206 shares during the quarter. Private Advisor Group LLC’s holdings in Dover were worth $1,753,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new stake in shares of Dover in the fourth quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Dover in the third quarter worth approximately $33,000. R Squared Ltd acquired a new stake in shares of Dover in the fourth quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover in the fourth quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover in the fourth quarter worth approximately $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on DOV shares. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted 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, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 0.4 %

DOV stock opened at $197.49 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 1-year low of $163.32 and a 1-year high of $222.31. The firm has a fifty day moving average price of $195.71 and a two-hundred day moving average price of $193.08. The firm has a market cap 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 (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

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.