L & S Advisors Inc Decreases Stock Position in Dover Co. (NYSE:DOV)

L & S Advisors Inc decreased its position in shares of Dover Co. (NYSE:DOV - Free Report) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,962 shares of the industrial products company's stock after selling 11,143 shares during the quarter. L & S Advisors Inc's holdings in Dover were worth $6,559,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Dover during the fourth quarter worth approximately $28,000. R Squared Ltd purchased a new position in shares of Dover during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Dover by 79.1% during 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 purchased a new stake in shares of Dover in the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the fourth quarter worth about $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

NYSE DOV traded up $1.17 during trading hours on Monday, hitting $175.82. The company had a trading volume of 1,332,181 shares, compared to its average volume of 925,852. The company has a market cap of $24.10 billion, a PE ratio of 9.04, a price-to-earnings-growth 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. The business has a 50 day moving average of $193.24 and a 200-day moving average of $193.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

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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 (EPS) for the quarter, hitting analysts' consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover's dividend payout ratio is currently 10.59%.

Analyst Ratings Changes

DOV has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their price target on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Citigroup lowered their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $218.18.

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.