Kestra Private Wealth Services LLC increased its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,206 shares of the industrial products company's stock after purchasing an additional 1,427 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Dover were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new position in shares of Dover during the fourth quarter valued at approximately $4,631,000. Empowered Funds LLC raised its holdings in Dover by 2.0% in the 4th quarter. Empowered Funds LLC now owns 13,426 shares of the industrial products company's stock valued at $2,519,000 after acquiring an additional 268 shares during the last quarter. Advisory Resource Group lifted its stake in shares of Dover by 4.0% during the 4th quarter. Advisory Resource Group now owns 25,703 shares of the industrial products company's stock worth $4,822,000 after purchasing an additional 982 shares during the period. Vest Financial LLC boosted its holdings in shares of Dover by 9.9% during the fourth quarter. Vest Financial LLC now owns 307,183 shares of the industrial products company's stock worth $57,628,000 after purchasing an additional 27,765 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover in the fourth quarter valued at $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
Dover Stock Down 0.1 %
NYSE DOV traded down $0.23 on Monday, reaching $202.46. The company had a trading volume of 571,479 shares, compared to its average volume of 939,736. The firm has a market capitalization of $27.78 billion, a PE ratio of 10.41, a P/E/G ratio of 2.03 and a beta of 1.24. The firm has a 50-day moving average of $195.27 and a 200-day moving average of $191.88. Dover Co. has a 1 year low of $159.48 and a 1 year 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.
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 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 research analysts anticipate that Dover Co. will post 9.47 EPS for the current fiscal year.
Dover Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover's dividend payout ratio is currently 10.59%.
Analysts Set New Price Targets
Several analysts have commented on the company. Barclays lifted their price target on Dover from $205.00 to $213.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. UBS Group cut their price target on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada boosted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $218.91.
Check Out Our Latest Report on Dover
About Dover
(
Free Report)
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.
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