Perigon Wealth Management LLC Has $282,000 Stake in Dover Co. (NYSE:DOV)

Perigon Wealth Management LLC boosted its holdings in Dover Co. (NYSE:DOV) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,451 shares of the industrial products company’s stock after purchasing an additional 237 shares during the quarter. Perigon Wealth Management LLC’s holdings in Dover were worth $282,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DOV. Ashton Thomas Securities LLC purchased a new position in Dover during the 3rd quarter worth $33,000. Kieckhefer Group LLC bought a new stake in shares of Dover during the 4th quarter worth $38,000. Avior Wealth Management LLC boosted its holdings in shares of Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after buying an additional 167 shares during the last quarter. Coastline Trust Co bought a new position in Dover during the third quarter valued at about $50,000. Finally, Cromwell Holdings LLC increased its holdings in Dover by 50.5% during the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DOV shares. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Mizuho boosted their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Stock Performance

Shares of DOV opened at $203.42 on Monday. The business’s fifty day simple moving average is $195.57 and its two-hundred day simple moving average is $190.34. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a 12 month low of $148.45 and a 12 month high of $214.57. The company has a market cap of $27.91 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.03 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 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. Research analysts anticipate that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.01%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.