Charles Schwab Investment Management Inc. Has $155.35 Million Stock Position in Dover Co. (NYSE:DOV)

Charles Schwab Investment Management Inc. raised its holdings in Dover Co. (NYSE:DOV) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828,103 shares of the industrial products company’s stock after acquiring an additional 16,763 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.60% of Dover worth $155,352,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have weighed in on DOV shares. JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Trading Down 0.3 %

Dover stock opened at $185.46 on Friday. The business has a 50 day moving average price of $195.90 and a two-hundred day moving average price of $193.56. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth 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.

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%. As a group, equities analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio is 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.