Guided Capital Wealth Management LLC Buys New Position in Dover Co. (NYSE:DOV)

Guided Capital Wealth Management LLC acquired a new stake in Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,648 shares of the industrial products company's stock, valued at approximately $1,622,000. Dover makes up approximately 1.5% of Guided Capital Wealth Management LLC's holdings, making the stock its 18th biggest position.

Several other institutional investors have also made changes to their positions in the business. Financial Life Planners acquired a new stake in shares of Dover in the 4th quarter valued at $28,000. Ashton Thomas Securities LLC bought a new position in Dover during the 3rd quarter valued at about $33,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at about $34,000. Kieckhefer Group LLC bought a new stake in Dover during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover during the fourth quarter worth approximately $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.1 %

Shares of Dover stock traded down $0.23 on Friday, hitting $202.46. 571,479 shares of the company's stock traded hands, compared to its average volume of 939,736. Dover Co. has a one year low of $159.48 and a one year high of $222.31. 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 $27.78 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The firm's 50-day moving average price is $195.26 and its two-hundred day moving average price is $191.66.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting 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 9.47 EPS for the current fiscal year.

Dover Dividend Announcement

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 issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, February 28th. Dover's dividend payout ratio is currently 10.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. StockNews.com upgraded shares of Dover from a "hold" rating to a "buy" rating in a research report on Tuesday, February 4th. Finally, Barclays upped their target price on shares of Dover from $205.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Dover presently has a consensus 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.