Paradigm Asset Management Co. LLC Cuts Stake in Dover Co. (NYSE:DOV)

Paradigm Asset Management Co. LLC cut its holdings in Dover Co. (NYSE:DOV) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,100 shares of the industrial products company’s stock after selling 1,800 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Dover were worth $1,144,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DOV. Spire Wealth Management lifted its position in shares of Dover by 2.1% during 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 last quarter. Independent Advisor Alliance lifted its position 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 purchasing an additional 58 shares during the last quarter. ORG Partners LLC lifted its position in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares during the last quarter. Trust Point Inc. lifted its position in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its position 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 purchasing an additional 60 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DOV. JPMorgan Chase & Co. raised their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Barclays lifted their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Up 0.8 %

Shares of DOV stock opened at $206.56 on Friday. The business’s 50 day moving average is $195.53 and its two-hundred day moving average is $192.28. Dover Co. has a twelve month low of $159.58 and a twelve month high of $222.31. The company has a market capitalization of $28.35 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. Equities analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business 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 dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, February 28th. Dover’s payout ratio is 10.59%.

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.