Steward Partners Investment Advisory LLC Acquires 2,630 Shares of Dover Co. (NYSE:DOV)

Steward Partners Investment Advisory LLC boosted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,676 shares of the industrial products company's stock after buying an additional 2,630 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Dover were worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOV. Proficio Capital Partners LLC acquired a new position in Dover during the 4th quarter worth about $28,718,000. FMR LLC grew its holdings in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock worth $591,676,000 after acquiring an additional 149,378 shares during the period. National Bank of Canada FI grew its holdings in Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company's stock worth $36,647,000 after acquiring an additional 144,930 shares during the period. Barclays PLC grew its holdings in Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock worth $69,082,000 after acquiring an additional 75,670 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company's stock worth $17,077,000 after acquiring an additional 60,235 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on DOV shares. Citigroup decreased their price target on Dover from $236.00 to $222.00 and set a "buy" rating for the company in a report on Monday, January 13th. UBS Group dropped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a report on Thursday, December 12th. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price objective 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $218.91.

Dover Stock Performance

NYSE:DOV traded down $0.56 on Friday, reaching $185.46. 1,657,354 shares of the company's stock were exchanged, compared to its average volume of 884,566. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The stock has a fifty day simple moving average of $195.85 and a 200-day simple moving average of $193.68.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, sell-side analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover's dividend payout ratio is presently 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.