Corient Private Wealth LLC Sells 6,916 Shares of Dover Co. (NYSE:DOV)

Corient Private Wealth LLC decreased its position in Dover Co. (NYSE:DOV) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,046,664 shares of the industrial products company’s stock after selling 6,916 shares during the quarter. Corient Private Wealth LLC owned 0.76% of Dover worth $196,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DOV. Apollon Wealth Management LLC increased its position in shares of Dover by 22.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 4,589 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 827 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Dover during the 3rd quarter valued at approximately $303,000. Oppenheimer & Co. Inc. increased its position in shares of Dover by 41.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,542 shares of the industrial products company’s stock valued at $3,555,000 after purchasing an additional 5,421 shares during the last quarter. KBC Group NV increased its position in shares of Dover by 3.5% during the 3rd quarter. KBC Group NV now owns 30,224 shares of the industrial products company’s stock valued at $5,796,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Curi RMB Capital LLC increased its position in shares of Dover by 5.1% during the 3rd quarter. Curi RMB Capital LLC now owns 2,376 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of DOV stock opened at $181.15 on Friday. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24. The stock has a fifty day simple moving average of $195.12 and a two-hundred day simple moving average of $193.57. 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 (NYSE:DOV) last issued its earnings results 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 return on equity of 21.03% and a net margin of 32.95%. On average, analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DOV. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group dropped their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Company 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.