Dover Co. (NYSE:DOV) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP cut its position in shares of Dover Co. (NYSE:DOV) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,417 shares of the industrial products company’s stock after selling 362 shares during the period. Mission Wealth Management LP’s holdings in Dover were worth $1,391,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP purchased a new position in Dover during the 3rd quarter valued at about $1,920,000. Wolverine Asset Management LLC lifted its stake in shares of Dover by 78.6% during the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 5,500 shares during the period. Assenagon Asset Management S.A. grew its stake in Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after acquiring an additional 60,235 shares during the period. Principal Financial Group Inc. raised its holdings in Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after acquiring an additional 5,372 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Dover by 54.3% during the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after purchasing an additional 4,629 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Price Performance

Dover stock opened at $192.99 on Tuesday. The firm has a fifty day moving average of $196.14 and a 200-day moving average of $193.61. Dover Co. has a 52-week low of $166.20 and a 52-week high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $26.48 billion, a P/E ratio of 9.92, 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 (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%. As a group, analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays upped their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.