Mcdaniel Terry & Co. Increases Position in Dover Co. (NYSE:DOV)

Mcdaniel Terry & Co. grew its stake in Dover Co. (NYSE:DOV - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,736 shares of the industrial products company's stock after acquiring an additional 12,088 shares during the period. Dover accounts for about 3.4% of Mcdaniel Terry & Co.'s investment portfolio, making the stock its 8th biggest position. Mcdaniel Terry & Co. owned approximately 0.16% of Dover worth $41,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Dover in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd acquired a new stake in shares of Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays lifted their price target 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. StockNews.com upgraded shares of Dover from a "hold" rating to a "buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Finally, UBS Group lowered their price target on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.91.

Dover Stock Down 2.9 %

Shares of Dover stock traded down $6.00 on Friday, hitting $200.43. The company had a trading volume of 1,214,486 shares, compared to its average volume of 857,595. The firm has a market capitalization of $27.51 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.04 and a beta of 1.24. Dover Co. has a twelve month low of $161.19 and a twelve month 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 50-day moving average of $195.51 and a 200-day moving average of $192.47.

Dover (NYSE:DOV - Get Free Report) last released its quarterly 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 earnings per share for the current year.

Dover Announces Dividend

The business 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 $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, February 28th. Dover's dividend payout ratio (DPR) is presently 10.59%.

About Dover

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.