Heritage Trust Co acquired a new position in Dover Co. (NYSE:DOV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,933 shares of the industrial products company's stock, valued at approximately $363,000.
Other hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Dover during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after buying an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Dover in the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 84.46% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on DOV shares. Morgan Stanley initiated coverage on Dover in a research note on Monday. They set an "equal weight" rating and a $185.00 price target for the company. UBS Group reduced their target price 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. Oppenheimer reiterated 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. Wells Fargo & Company upped their price objective on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Citigroup cut their price target on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $208.17.
Read Our Latest Stock Analysis on DOV
Dover Price Performance
Shares of NYSE DOV traded down $1.41 during mid-day trading on Wednesday, hitting $161.87. 1,220,000 shares of the company's stock traded hands, compared to its average volume of 1,035,157. 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 $143.04 and a 1 year high of $222.31. The company's 50-day moving average is $183.16 and its two-hundred day moving average is $191.09. The company has a market capitalization of $22.19 billion, a P/E ratio of 8.32, a PEG ratio of 2.06 and a beta of 1.24.
Dover (NYSE:DOV - Get Free Report) last posted 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%. On average, equities analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 28th. Dover's payout ratio is currently 10.59%.
Dover Company Profile
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Free Report)
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.
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