Dover Co. (NYSE:DOV) Shares Bought by Xponance Inc.

Xponance Inc. grew its holdings in Dover Co. (NYSE:DOV) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,489 shares of the industrial products company’s stock after purchasing an additional 1,511 shares during the quarter. Xponance Inc.’s holdings in Dover were worth $3,844,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management grew its holdings in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of Dover by 0.3% during the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after acquiring an additional 58 shares during the last quarter. ORG Partners LLC increased its position in Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $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 4th 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 during the last quarter. Finally, JGP Wealth Management LLC lifted its holdings in Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 62 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 0.5 %

NYSE DOV opened at $181.38 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a one year low of $168.20 and a one year high of $222.31. The company’s 50 day moving average price is $194.67 and its 200 day moving average price is $193.45. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced its quarterly 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%. On average, sell-side analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

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

Analysts Set New Price Targets

DOV has been the subject of a number of analyst reports. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays raised their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Citigroup dropped their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, UBS Group decreased their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.