Life Planning Partners Inc Makes New $7.92 Million Investment in Dover Co. (NYSE:DOV)

Life Planning Partners Inc acquired 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 Securities and Exchange Commission. The firm acquired 42,210 shares of the industrial products company's stock, valued at approximately $7,919,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOV. Versor Investments LP acquired a new stake in Dover in the 3rd quarter worth about $1,920,000. Assenagon Asset Management S.A. raised its position in shares of Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company's stock valued at $17,077,000 after buying an additional 60,235 shares in the last quarter. Principal Financial Group Inc. grew its position in Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company's stock worth $34,100,000 after buying an additional 5,372 shares in the last quarter. Empowered Funds LLC increased its stake in Dover by 54.3% during the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company's stock worth $2,523,000 after acquiring an additional 4,629 shares during the period. Finally, TrueWealth Advisors LLC acquired a new position in Dover in the 4th quarter valued at $475,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DOV shares. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays lifted their price target on Dover from $205.00 to $213.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Wolfe Research raised Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $218.91.

Dover Trading Down 0.1 %

DOV traded down $0.23 during trading on Monday, reaching $202.46. 571,479 shares of the stock traded hands, compared to its average volume of 939,736. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $195.27 and its 200 day moving average is $191.88. Dover Co. has a 12 month low of $159.48 and a 12 month high of $222.31. The stock 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.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 payout ratio is 10.59%.

About Dover

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.