World Investment Advisors Buys 87 Shares of Dover Co. (NYSE:DOV)

World Investment Advisors boosted its stake in Dover Co. (NYSE:DOV) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,354 shares of the industrial products company’s stock after buying an additional 87 shares during the quarter. World Investment Advisors’ holdings in Dover were worth $629,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Dover in the 4th quarter worth about $28,000. R Squared Ltd acquired a new position in shares of Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the 4th quarter valued at $46,000. 84.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DOV. Royal Bank of Canada increased their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective 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. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Barclays lowered their price target on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. upped their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Stock Performance

Shares of DOV stock opened at $151.37 on Tuesday. The stock has a market cap of $20.75 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The stock has a 50-day moving average of $189.89 and a 200-day moving average of $192.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a one year low of $143.04 and a one year high of $222.31.

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 net margin of 32.95% and a return on equity of 21.03%. As a group, sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.36%. Dover’s payout ratio is 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.