Dover Co. (NYSE:DOV) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC boosted its holdings in shares of Dover Co. (NYSE:DOV) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,729 shares of the industrial products company’s stock after acquiring an additional 121 shares during the period. Nicolet Advisory Services LLC’s holdings in Dover were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Financial Life Planners purchased a new stake in Dover in the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Dover in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the 4th quarter worth about $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Down 5.6 %

Shares of NYSE:DOV opened at $153.69 on Friday. The stock has a 50-day simple moving average of $190.78 and a 200-day simple moving average of $193.03. The stock has a market capitalization of $21.06 billion, a P/E ratio of 7.90, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 1 year low of $150.60 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOV. JPMorgan Chase & Co. raised their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays lowered their target price on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $218.18.

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.