Securian Asset Management Inc. Has $1.38 Million Stock Position in Dover Co. (NYSE:DOV)

Securian Asset Management Inc. lowered its holdings in shares of Dover Co. (NYSE:DOV) by 2.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,349 shares of the industrial products company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Dover were worth $1,379,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new position in shares of Dover during the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter worth $33,000. R Squared Ltd acquired a new position in Dover in the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC increased its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Dover in the 4th quarter worth about $38,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Up 2.3 %

Shares of DOV stock opened at $181.15 on Friday. Dover Co. has a 1-year low of $168.20 and a 1-year 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. The stock has a 50-day moving average of $195.12 and a 200-day moving average of $193.49. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 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, equities research analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. Dover’s payout ratio is 10.59%.

Analyst Ratings Changes

DOV has been the subject of a number of recent research reports. Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Barclays upped their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.