Dover Co. (NYSE:DOV) Shares Acquired by SlateStone Wealth LLC

SlateStone Wealth LLC lifted its stake in shares of Dover Co. (NYSE:DOV) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,770 shares of the industrial products company’s stock after purchasing an additional 175 shares during the quarter. SlateStone Wealth LLC’s holdings in Dover were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DOV. Financial Life Planners acquired a new position in shares of Dover during the 4th quarter worth $28,000. R Squared Ltd acquired a new stake in Dover in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its stake in Dover by 79.1% in the 4th 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 during the last quarter. Kieckhefer Group LLC acquired a new stake in Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover in the 4th quarter valued at about $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Up 2.3 %

DOV opened at $181.15 on Monday. The firm has a 50 day moving average price of $195.12 and a 200 day moving average price of $193.65. The company has a market cap of $24.86 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a 1 year low of $168.20 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 issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Monday, March 10th. UBS Group lowered their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average price target of $218.91.

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.