1,081 Shares in Dover Co. (NYSE:DOV) Purchased by Dearborn Partners LLC

Dearborn Partners LLC acquired a new stake in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,081 shares of the industrial products company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of the stock. Financial Life Planners purchased a new position in Dover during the fourth quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Dover in the 3rd quarter worth $33,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at $34,000. Kieckhefer Group LLC purchased a new stake in Dover during the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the fourth quarter worth about $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DOV. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup decreased their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Stock Performance

Shares of DOV opened at $181.01 on Wednesday. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.06 and a beta of 1.24. The business’s 50 day moving average is $195.55 and its two-hundred day moving average is $193.71.

Dover (NYSE:DOV) last announced its quarterly earnings data 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 net margin of 32.95% and a return on equity of 21.03%. Analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company 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 $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. Dover’s dividend payout ratio (DPR) is 10.59%.

Dover Company Profile

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.