Glenview Trust co Has $1.57 Million Stock Position in Dover Co. (NYSE:DOV)

Glenview Trust co raised its holdings in shares of Dover Co. (NYSE:DOV) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,370 shares of the industrial products company’s stock after buying an additional 288 shares during the quarter. Glenview Trust co’s holdings in Dover were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DOV. Spire Wealth Management lifted its position in Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 52 shares during the period. Independent Advisor Alliance raised its stake in shares of Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 58 shares in the last quarter. ORG Partners LLC lifted its holdings 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 worth $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. increased its stake 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 acquiring an additional 59 shares during the period. Finally, JGP Wealth Management LLC raised its position in Dover by 0.8% in the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 62 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Stock Up 2.3 %

Shares of DOV stock opened at $181.15 on Monday. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The firm has a fifty day moving average of $195.12 and a 200-day moving average of $193.65. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

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, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada increased 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, January 31st. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Monday, March 10th. Citigroup dropped their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and an average target price 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.