Farther Finance Advisors LLC Has $77,000 Stock Position in Dover Co. (NYSE:DOV)

Farther Finance Advisors LLC lowered its holdings in shares of Dover Co. (NYSE:DOV) by 39.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 412 shares of the industrial products company’s stock after selling 274 shares during the period. Farther Finance Advisors LLC’s holdings in Dover were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DOV. Spire Wealth Management increased its holdings in Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance increased its holdings in Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC increased its holdings in Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares in the last quarter. Trust Point Inc. increased its holdings in Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 0.8 %

Shares of DOV stock opened at $179.78 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $194.60 and a two-hundred day moving average price of $193.50. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The firm has a market cap of $24.67 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

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

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.15%. Dover’s dividend payout ratio is presently 10.59%.

Analyst Ratings Changes

A number of brokerages have issued reports on DOV. Royal Bank of Canada upped their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Citigroup decreased their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.