Mainstream Capital Management LLC Takes $61,000 Position in Dover Co. (NYSE:DOV)

Mainstream Capital Management LLC bought a new stake in Dover Co. (NYSE:DOV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 323 shares of the industrial products company’s stock, valued at approximately $61,000.

A number of other large investors also recently bought and sold shares of DOV. Financial Life Planners acquired a new stake in shares of Dover during the fourth quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth approximately $33,000. R Squared Ltd purchased a new stake in shares of Dover during the fourth quarter worth approximately $34,000. Kieckhefer Group LLC purchased a new position in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new position in Dover in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 2.9 %

Dover stock opened at $192.99 on Tuesday. The stock has a market cap of $26.48 billion, a PE ratio of 9.92, a P/E/G ratio of 2.06 and a beta of 1.24. The stock has a 50-day moving average price of $196.14 and a 200 day moving average price 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 current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.515 dividend. 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 10.59%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DOV shares. Royal Bank of Canada raised their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Barclays raised their target price 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. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group lowered 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.