Stenger Family Office LLC Takes $1.24 Million Position in Dover Co. (NYSE:DOV)

Stenger Family Office LLC 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 6,597 shares of the industrial products company's stock, valued at approximately $1,238,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its stake in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of Dover in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley began coverage on Dover in a report on Monday. They set an "equal weight" rating and a $185.00 price target for the company. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Citigroup lowered their price target on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday. Finally, Oppenheimer reissued an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and a consensus price target of $208.17.

Dover Trading Down 0.8 %

DOV stock traded down $1.27 during trading on Friday, hitting $160.69. The company had a trading volume of 3,019,094 shares, compared to its average volume of 965,945. The stock has a market cap of $22.02 billion, a PE ratio of 8.26, a PEG ratio of 2.06 and a beta of 1.24. The business has a 50-day moving average of $180.65 and a 200-day moving average of $190.47. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a one year low of $143.04 and a one year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, February 28th. Dover's dividend payout ratio is 10.59%.

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.