Capital Advisors Inc. OK Takes $289,000 Position in Dover Co. (NYSE:DOV)

Capital Advisors Inc. OK bought a new stake in Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,542 shares of the industrial products company's stock, valued at approximately $289,000.

Other institutional investors also recently bought and sold shares of the company. Guided Capital Wealth Management LLC purchased a new stake in Dover during the 4th quarter valued at $1,622,000. Stonebridge Financial Group LLC bought a new position in shares of Dover during the fourth quarter valued at about $107,000. Regents Gate Capital LLP purchased a new stake in shares of Dover during the fourth quarter worth about $6,332,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Dover by 29.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,206 shares of the industrial products company's stock worth $1,164,000 after purchasing an additional 1,427 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Dover in the fourth quarter worth about $4,631,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DOV has been the subject of several research analyst reports. Barclays raised 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. Citigroup lowered their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Finally, Wolfe Research upgraded Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.91.

Dover Stock Down 0.1 %

NYSE:DOV traded down $0.23 during trading hours on Friday, reaching $202.46. 571,479 shares of the company traded hands, compared to its average volume of 939,736. Dover Co. has a 1 year low of $159.48 and a 1 year high of $222.31. The stock has a market capitalization of $27.78 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.03 and a beta of 1.24. The business's 50-day moving average price is $195.26 and its two-hundred day moving average price is $191.72. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Analysts predict that Dover Co. will post 9.47 earnings per share for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover's dividend payout ratio (DPR) is currently 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.