Flagship Harbor Advisors LLC Decreases Stock Holdings in Dover Co. (NYSE:DOV)

Flagship Harbor Advisors LLC cut its stake in Dover Co. (NYSE:DOV) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,072 shares of the industrial products company’s stock after selling 114 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Dover were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Independent Advisor Alliance lifted its holdings in shares of Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after buying an additional 58 shares during the period. ORG Partners LLC lifted its holdings in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 58 shares during the period. Main Street Financial Solutions LLC boosted its position in Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares during the last quarter. JGP Wealth Management LLC grew its stake in shares of Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dover by 3.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 4.0 %

Shares of DOV opened at $205.27 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company has a 50 day simple moving average of $195.60 and a two-hundred day simple moving average of $190.22. Dover Co. has a 1 year low of $148.45 and a 1 year high of $214.57. The firm has a market cap of $28.16 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. On average, equities analysts expect that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is presently 18.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DOV shares. The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. UBS Group began coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Oppenheimer reissued an “outperform” rating and set a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.55.

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.