WealthPlan Investment Management LLC Sells 193 Shares of Dover Co. (NYSE:DOV)

WealthPlan Investment Management LLC trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,639 shares of the industrial products company’s stock after selling 193 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Dover were worth $6,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Spire Wealth Management increased its position in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 52 shares during the period. Independent Advisor Alliance grew its holdings in shares of Dover by 0.3% during the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares in the last quarter. ORG Partners LLC boosted its position in shares of Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 58 shares during the last quarter. Trust Point Inc. lifted its position in Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after buying an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group lowered their price target on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays lifted their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. lifted their price objective 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 stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Price Performance

Dover stock opened at $202.46 on Friday. The business has a 50 day simple moving average of $195.26 and a 200 day simple moving average of $191.61. 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 Co. has a one year low of $159.48 and a one year high of $222.31. The company has a market capitalization of $27.78 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, sell-side analysts forecast that Dover Co. will post 9.47 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s dividend payout ratio is 10.59%.

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.