Dover Co. (NYSE:DOV) Shares Acquired by Clarity Financial LLC

Clarity Financial LLC boosted its position in shares of Dover Co. (NYSE:DOV) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,343 shares of the industrial products company’s stock after purchasing an additional 250 shares during the period. Clarity Financial LLC’s holdings in Dover were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DOV. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth about $33,000. R Squared Ltd acquired a new stake in Dover during the 4th quarter valued at approximately $34,000. Kieckhefer Group LLC purchased a new stake in Dover during the 4th quarter worth approximately $38,000. Avior Wealth Management LLC raised its position in shares of Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of Dover during the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target 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. UBS Group started coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays increased their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Trading Up 4.0 %

NYSE:DOV opened at $205.27 on Friday. Dover Co. has a 12-month low of $148.45 and a 12-month high of $214.57. The firm has a market capitalization of $28.16 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The business has a 50 day simple moving average of $195.60 and a 200 day simple moving average of $190.22.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. Equities research analysts predict that Dover Co. will post 8.17 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.00%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.