Smartleaf Asset Management LLC Buys 446 Shares of Dover Co. (NYSE:DOV)

Smartleaf Asset Management LLC raised its stake in shares of Dover Co. (NYSE:DOV) by 54.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,262 shares of the industrial products company’s stock after purchasing an additional 446 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Dover were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Financial Life Planners purchased a new position in shares of Dover in the 4th quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in Dover in the 3rd quarter worth approximately $33,000. R Squared Ltd purchased a new stake in Dover in the fourth quarter worth approximately $34,000. Kieckhefer Group LLC bought a new position in Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover during the 4th quarter valued at $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Up 3.2 %

Shares of NYSE DOV opened at $189.91 on Thursday. The firm has a fifty day simple moving average of $196.00 and a two-hundred day simple moving average of $193.61. Dover Co. has a 12 month low of $167.87 and a 12 month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $26.06 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

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, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.08%. Dover’s dividend payout ratio is presently 10.59%.

Analysts Set New Price Targets

Several analysts have issued reports on DOV shares. Citigroup cut their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group raised their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. UBS Group dropped their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $218.91.

About Dover

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.