Dover Co. (NYSE:DOV) Stock Position Lifted by Rockline Wealth Management LLC

Rockline Wealth Management LLC grew its position in Dover Co. (NYSE:DOV) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,006 shares of the industrial products company’s stock after acquiring an additional 1,030 shares during the quarter. Rockline Wealth Management LLC’s holdings in Dover were worth $3,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners bought a new stake in Dover during the fourth quarter valued at $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the 3rd quarter valued at about $33,000. R Squared Ltd acquired a new stake in Dover during the fourth quarter worth about $34,000. Kieckhefer Group LLC bought a new position in Dover in the fourth quarter worth about $38,000. Finally, Avior Wealth Management LLC boosted its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 167 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOV has been the topic of a number of research reports. Mizuho increased their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays increased their price objective on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Royal Bank of Canada upped 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Performance

DOV opened at $202.49 on Tuesday. Dover Co. has a 1-year low of $156.59 and a 1-year high of $214.57. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The business has a 50 day moving average price of $195.51 and a two-hundred day moving average price of $190.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. Research analysts predict that Dover Co. will post 9.42 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 10.59%.

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.