Golden State Equity Partners Grows Stock Holdings in Dover Co. (NYSE:DOV)

Golden State Equity Partners raised its stake in Dover Co. (NYSE:DOV) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,751 shares of the industrial products company’s stock after buying an additional 483 shares during the period. Golden State Equity Partners’ holdings in Dover were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its position in Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares during the period. Independent Advisor Alliance raised its holdings in shares of Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Dover by 2.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 60 shares in the last quarter. Finally, JGP Wealth Management LLC raised its holdings in shares of Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 62 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Barclays boosted their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company boosted their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Down 1.0 %

NYSE:DOV opened at $203.42 on Monday. The company has a market cap of $27.91 billion, a PE ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23. Dover Co. has a twelve month low of $148.45 and a twelve month high of $214.57. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $195.57 and its two-hundred day moving average is $190.34.

Dover (NYSE:DOV) last released its quarterly earnings data 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 net margin of 18.63% and a return on equity of 23.61%. Analysts anticipate that Dover Co. will post 8.17 EPS for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Dover 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.