Parthenon LLC lessened its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,920 shares of the industrial products company's stock after selling 2,030 shares during the quarter. Dover comprises approximately 2.4% of Parthenon LLC's portfolio, making the stock its 12th biggest holding. Parthenon LLC owned 0.08% of Dover worth $20,058,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management raised its stake in Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance raised its stake in Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company's stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC raised its stake in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock valued at $214,000 after purchasing an additional 58 shares in the last quarter. Trust Point Inc. raised its stake in Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 59 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company's stock valued at $432,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 84.46% of the company's stock.
Dover Trading Down 3.0 %
NYSE:DOV traded down $6.21 during trading hours on Friday, hitting $200.22. The company had a trading volume of 663,894 shares, compared to its average volume of 839,509. The company has a market capitalization of $27.48 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The stock has a 50-day moving average price of $195.53 and a 200 day moving average price of $192.28. Dover Co. has a 52 week low of $161.19 and a 52 week 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 the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities research analysts predict 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 will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.03%. 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
DOV has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.91.
Read Our Latest Analysis 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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