First Affirmative Financial Network Increases Stock Position in Dover Co. (NYSE:DOV)

First Affirmative Financial Network increased its holdings in Dover Co. (NYSE:DOV) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,750 shares of the industrial products company’s stock after buying an additional 141 shares during the period. First Affirmative Financial Network’s holdings in Dover were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Public Sector Pension Investment Board raised its stake in shares of Dover by 71.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,259 shares of the industrial products company’s stock valued at $949,000 after purchasing an additional 2,191 shares during the period. AQR Capital Management LLC increased its position in shares of Dover by 12.0% during the second quarter. AQR Capital Management LLC now owns 48,379 shares of the industrial products company’s stock valued at $8,730,000 after buying an additional 5,194 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Dover in the second quarter worth about $3,175,000. Cannon Financial Strategists Inc. bought a new position in shares of Dover in the second quarter valued at approximately $279,000. Finally, Czech National Bank grew its stake in Dover by 6.9% during the third quarter. Czech National Bank now owns 28,001 shares of the industrial products company’s stock valued at $5,369,000 after acquiring an additional 1,812 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $197.27 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. Dover Co. has a fifty-two week low of $148.45 and a fifty-two week high of $208.26. The company has a market capitalization of $27.06 billion, a P/E ratio of 17.64, a PEG ratio of 2.04 and a beta of 1.23. The stock has a 50 day moving average price of $195.54 and a two-hundred day moving average price of $190.11.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. Analysts expect that Dover Co. will post 8.17 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. Dover’s dividend payout ratio is currently 18.43%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOV. Mizuho increased their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group upped their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays lifted their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, UBS Group began coverage on shares of Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $212.55.

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.