First Affirmative Financial Network Purchases 141 Shares of Dover Co. (NYSE:DOV)

First Affirmative Financial Network grew its holdings in shares of Dover Co. (NYSE:DOV) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,750 shares of the industrial products company’s stock after purchasing an additional 141 shares during the period. First Affirmative Financial Network’s holdings in Dover were worth $328,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on DOV shares. JPMorgan Chase & Co. reduced their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer restated an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their target price on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Price Performance

DOV stock opened at $197.27 on Thursday. Dover Co. has a 12 month low of $148.45 and a 12 month high of $208.26. The company has a 50-day moving average price of $195.54 and a 200 day moving average price of $190.11. The stock has a market cap of $27.06 billion, a PE ratio of 17.64, a P/E/G ratio of 2.04 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover (NYSE:DOV) last issued its 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 18.63% and a return on equity of 23.61%. Equities research analysts anticipate that Dover Co. will post 8.17 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced 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. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

About Dover

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.