Life Planning Partners Inc bought a new position in shares of Dover Co. (NYSE:DOV - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 42,210 shares of the industrial products company's stock, valued at approximately $7,919,000. Dover accounts for about 1.1% of Life Planning Partners Inc's investment portfolio, making the stock its 24th largest position.
A number of other large investors have also modified their holdings of the business. Allianz SE acquired a new stake in shares of Dover in the fourth quarter valued at about $1,726,000. Allstate Corp purchased a new position in Dover in the fourth quarter valued at about $791,000. Brown Brothers Harriman & Co. lifted its position in shares of Dover by 99.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,242 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 618 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Dover by 25.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 13,731 shares of the industrial products company's stock worth $2,576,000 after acquiring an additional 2,753 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Dover by 6.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 86,901 shares of the industrial products company's stock valued at $16,303,000 after purchasing an additional 5,224 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Royal Bank of Canada boosted their target price 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 decreased their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company raised 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. Barclays reduced their price target on shares of Dover from $213.00 to $205.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Dover has an average rating of "Moderate Buy" and a consensus price target of $218.18.
View Our Latest Stock Analysis on DOV
Dover Trading Up 0.7 %
Shares of DOV stock traded up $1.17 during mid-day trading on Monday, hitting $175.82. 1,332,181 shares of the company's stock were exchanged, compared to its average volume of 925,852. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The stock has a 50-day simple moving average of $193.24 and a two-hundred day simple moving average of $193.64.
Dover (NYSE:DOV - Get Free Report) last issued 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%. Equities analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. Dover's payout ratio is 10.59%.
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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