1,200 Shares in Dover Co. (NYSE:DOV) Acquired by GWN Securities Inc.

GWN Securities Inc. bought a new position in Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,200 shares of the industrial products company’s stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of DOV. Amundi boosted its stake in Dover by 42.3% in the 4th quarter. Amundi now owns 648,525 shares of the industrial products company’s stock worth $121,417,000 after purchasing an additional 192,908 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Dover in the 4th quarter worth approximately $30,741,000. Proficio Capital Partners LLC acquired a new stake in Dover in the 4th quarter worth approximately $28,718,000. FMR LLC boosted its stake in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Dover by 313.7% in the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after purchasing an additional 144,930 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on DOV shares. Wells Fargo & Company lifted their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. UBS Group decreased their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Price Performance

NYSE:DOV opened at $183.05 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a 50 day moving average price of $195.02 and a 200-day moving average price of $193.65. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS 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%. Equities research analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio is presently 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.