Dover Co. (NYSE:DOV) Shares Bought by WealthPLAN Partners LLC

WealthPLAN Partners LLC grew its stake in shares of Dover Co. (NYSE:DOV) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,287 shares of the industrial products company’s stock after acquiring an additional 251 shares during the period. WealthPLAN Partners LLC’s holdings in Dover were worth $3,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after acquiring an additional 144,930 shares in the last quarter. Barclays PLC boosted its position in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Dover in the third quarter valued at about $14,459,000. Finally, Assenagon Asset Management S.A. increased its position in Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after purchasing an additional 60,235 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DOV shares. Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted 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. Four investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Stock Down 0.1 %

DOV opened at $202.46 on Friday. The business has a 50 day moving average price of $195.26 and a 200 day moving average price of $191.61. Dover Co. has a twelve month low of $159.48 and a twelve month high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a market cap of $27.78 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 2.03 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 for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts forecast that Dover Co. will post 9.47 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.