AMJ Financial Wealth Management Acquires Shares of 2,081 Dover Co. (NYSE:DOV)

AMJ Financial Wealth Management bought a new position in Dover Co. (NYSE:DOV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,081 shares of the industrial products company’s stock, valued at approximately $390,000.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management lifted its stake in 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% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after buying an additional 58 shares during the period. Trust Point Inc. grew its position in shares of Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after buying an additional 59 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in 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 acquiring an additional 60 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Down 2.9 %

DOV stock opened at $192.99 on Tuesday. The firm’s 50-day moving average is $196.14 and its two-hundred day moving average is $193.61. 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 company has a market capitalization of $26.48 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a 52 week low of $166.20 and a 52 week high of $222.31.

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

Dover Announces Dividend

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 given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus 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.