1,305 Shares in Dover Co. (NYSE:DOV) Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,305 shares of the industrial products company's stock, valued at approximately $245,000.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Dover during the third quarter worth $33,000. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter worth about $38,000. Avior Wealth Management LLC lifted its holdings in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock worth $49,000 after acquiring an additional 167 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Dover during the 3rd quarter valued at approximately $50,000. Finally, Cromwell Holdings LLC lifted its stake in Dover by 50.5% in the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 105 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup lowered their price target 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 target on Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, UBS Group reduced their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Dover currently has an average rating of "Moderate Buy" and an average price target of $218.91.

Dover Stock Down 0.6 %

DOV stock traded down $1.19 during trading on Monday, reaching $202.49. 1,026,421 shares of the stock were exchanged, compared to its average volume of 900,954. The firm's 50 day moving average is $195.57 and its 200 day moving average is $190.34. The firm has a market cap of $27.78 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. 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 Co. has a twelve month low of $156.59 and a twelve month high of $214.57.

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 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%. As a group, research analysts forecast that Dover Co. will post 9.42 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover's dividend payout ratio is currently 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.