Dover Co. (NYSE:DOV) Holdings Raised by Rockline Wealth Management LLC

Rockline Wealth Management LLC lifted its stake in Dover Co. (NYSE:DOV) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 21,006 shares of the industrial products company’s stock after purchasing an additional 1,030 shares during the period. Rockline Wealth Management LLC’s holdings in Dover were worth $3,941,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after buying an additional 56,149 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after purchasing an additional 25,993 shares during the period. FMR LLC lifted its position in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after purchasing an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Dover by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after purchasing an additional 9,464 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE:DOV opened at $202.49 on Tuesday. The firm has a market capitalization of $27.78 billion, a PE ratio of 10.41, a PEG ratio of 2.07 and a beta of 1.24. 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 Co. has a 1 year low of $156.59 and a 1 year high of $214.57. The firm’s fifty day simple moving average is $195.51 and its 200 day simple moving average is $190.45.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, sell-side analysts anticipate that Dover Co. will post 9.42 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s payout ratio is 10.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DOV shares. Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday. Barclays raised their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Mizuho increased their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.