Dover Co. (NYSE:DOV) Position Boosted by Independent Advisor Alliance

Independent Advisor Alliance boosted its position in Dover Co. (NYSE:DOV) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,157 shares of the industrial products company’s stock after buying an additional 121 shares during the quarter. Independent Advisor Alliance’s holdings in Dover were worth $3,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DOV. Financial Life Planners acquired a new stake in shares of Dover during the fourth quarter worth $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, Golden State Wealth Management LLC acquired a new position in Dover in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Up 0.6 %

Shares of NYSE:DOV opened at $181.83 on Thursday. Dover Co. has a twelve month low of $168.20 and a twelve month 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 firm has a market cap of $24.95 billion, a P/E ratio of 9.35, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a 50 day moving average of $195.43 and a 200-day moving average of $193.63.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Ratings Changes

Several analysts recently issued reports on DOV shares. Barclays raised their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada raised their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup cut their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.