Guggenheim Capital LLC Buys 4,637 Shares of Dover Co. (NYSE:DOV)

Guggenheim Capital LLC increased its position in Dover Co. (NYSE:DOV - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,049 shares of the industrial products company's stock after purchasing an additional 4,637 shares during the quarter. Guggenheim Capital LLC owned approximately 0.07% of Dover worth $18,957,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Financial Life Planners bought a new stake in Dover in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Dover during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC increased its stake 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 valued at $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Dover in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DOV shares. Morgan Stanley started coverage on shares of Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price on the stock. Barclays decreased their target price on Dover from $205.00 to $180.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. UBS Group dropped their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.17.

Dover Stock Down 2.8 %

Shares of NYSE DOV traded down $4.45 during mid-day trading on Monday, hitting $156.63. The company had a trading volume of 142,545 shares, compared to its average volume of 961,556. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a 50-day simple moving average of $180.65 and a two-hundred day simple moving average of $190.47. The company has a market capitalization of $21.47 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a one year low of $143.04 and a one year high of $222.31.

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

Dover Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.32%. Dover's dividend payout ratio 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.