Dover Co. (NYSE:DOV) Stock Position Raised by Independent Advisor Alliance

Independent Advisor Alliance increased its stake in Dover Co. (NYSE:DOV) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,157 shares of the industrial products company’s stock after buying an additional 121 shares during the period. Independent Advisor Alliance’s holdings in Dover were worth $3,406,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DOV. Financial Life Planners purchased a new position in Dover in the 4th quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover in the third quarter worth about $33,000. R Squared Ltd purchased a new position in shares of Dover in the fourth quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover in the 4th quarter valued at approximately $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Trading Up 0.6 %

NYSE:DOV opened at $181.83 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a market capitalization of $24.95 billion, a P/E ratio of 9.35, a P/E/G ratio of 2.06 and a beta of 1.24. The stock’s 50 day moving average price is $195.43 and its 200 day moving average price is $193.63. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.13%. Dover’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective 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. Barclays lifted their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. UBS Group reduced their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Finally, Royal Bank of Canada increased their price target 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.