Dover Co. (NYSE:DOV) Shares Sold by Wealth Alliance

Wealth Alliance lowered its position in shares of Dover Co. (NYSE:DOV) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,545 shares of the industrial products company’s stock after selling 121 shares during the period. Wealth Alliance’s holdings in Dover were worth $665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management increased its position in shares of Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance grew its holdings 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 worth $3,458,000 after buying an additional 58 shares during the last quarter. ORG Partners LLC grew its holdings in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the last quarter. Trust Point Inc. grew its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after buying an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

DOV stock opened at $206.56 on Friday. The firm has a 50 day moving average of $195.53 and a 200-day moving average of $192.28. Dover Co. has a 12-month low of $159.58 and a 12-month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.04 and a beta of 1.24.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting 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, equities analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

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. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. Dover’s payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DOV shares. Royal Bank of Canada raised their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a report on Monday, October 28th. Barclays lifted 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. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.