Steward Partners Investment Advisory LLC Buys 2,630 Shares of Dover Co. (NYSE:DOV)

Steward Partners Investment Advisory LLC increased its stake in Dover Co. (NYSE:DOV) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,676 shares of the industrial products company’s stock after buying an additional 2,630 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Dover were worth $2,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DOV. Financial Life Planners bought a new stake in shares of Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover during the third quarter worth $33,000. R Squared Ltd bought a new stake in shares of Dover during the fourth quarter worth $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover during the fourth quarter worth $46,000. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

DOV opened at $185.46 on Friday. The business’s 50-day moving average is $195.85 and its two-hundred day moving average is $193.68. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a market capitalization of $25.45 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

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

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

Analyst Ratings Changes

Several research firms have recently weighed in on DOV. Royal Bank of Canada lifted their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. UBS Group cut their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. 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. Citigroup cut their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.