Xponance Inc. Raises Stock Holdings in Dover Co. (NYSE:DOV)

Xponance Inc. grew its position in Dover Co. (NYSE:DOV - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,489 shares of the industrial products company's stock after acquiring an additional 1,511 shares during the quarter. Xponance Inc.'s holdings in Dover were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new position in shares of Dover in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 87 shares during the period. Kieckhefer Group LLC bought a new position in shares of Dover during the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the 4th quarter valued at $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on DOV shares. Wells Fargo & Company lifted their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Royal Bank of Canada upped their target price on Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and an average price target of $218.91.

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Dover Trading Up 0.2 %

DOV traded up $0.38 during trading on Tuesday, hitting $185.89. 757,288 shares of the stock were exchanged, compared to its average volume of 885,357. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a 50 day simple moving average of $194.58 and a 200 day simple moving average of $193.70. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. As a group, equities analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. Dover's dividend payout ratio is presently 10.59%.

Dover 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.