Tradewinds LLC. Acquires New Holdings in Dover Co. (NYSE:DOV)

Tradewinds LLC. bought a new position in shares of Dover Co. (NYSE:DOV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,027 shares of the industrial products company’s stock, valued at approximately $409,000.

A number of other institutional investors have also made changes to their positions in DOV. Financial Life Planners purchased a new stake in shares of Dover in the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in Dover in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its stake in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Dover in the fourth quarter valued at approximately $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DOV. The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Oppenheimer restated an “outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Citigroup reduced their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Stock Up 0.4 %

DOV stock opened at $176.32 on Wednesday. The stock has a market cap of $24.17 billion, a P/E ratio of 9.07, a PEG ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The company’s 50 day moving average is $192.80 and its two-hundred day moving average is $193.58.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio is currently 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.