TD Private Client Wealth LLC Acquires 571 Shares of Dover Co. (NYSE:DOV)

TD Private Client Wealth LLC raised its holdings in Dover Co. (NYSE:DOV) by 128.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,016 shares of the industrial products company’s stock after buying an additional 571 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dover were worth $191,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Dover during the 4th quarter valued at $28,000. R Squared Ltd purchased a new position in shares of Dover during the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the 4th quarter valued at approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays raised their target price on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Oppenheimer restated an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Price Performance

Shares of NYSE:DOV opened at $185.89 on Wednesday. The business has a 50-day simple moving average of $194.51 and a two-hundred day simple moving average of $193.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio is currently 10.59%.

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.