Custom Index Systems LLC Purchases 154 Shares of Dover Co. (NYSE:DOV)

Custom Index Systems LLC boosted its position in shares of Dover Co. (NYSE:DOV) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,945 shares of the industrial products company’s stock after purchasing an additional 154 shares during the period. Dover comprises 0.8% of Custom Index Systems LLC’s holdings, making the stock its 26th biggest holding. Custom Index Systems LLC’s holdings in Dover were worth $1,490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC grew its stake in shares of Dover by 2.7% during the fourth quarter. Caprock Group LLC now owns 3,281 shares of the industrial products company’s stock valued at $616,000 after buying an additional 85 shares during the last quarter. Norris Perne & French LLP MI grew its position in Dover by 14.5% in the 4th quarter. Norris Perne & French LLP MI now owns 1,575 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 200 shares during the last quarter. Clarity Financial LLC increased its stake in Dover by 22.9% in the fourth quarter. Clarity Financial LLC now owns 1,343 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 250 shares during the period. Crews Bank & Trust bought a new stake in shares of Dover during the fourth quarter worth $1,064,000. Finally, First Affirmative Financial Network boosted its stake in shares of Dover by 8.8% during the fourth quarter. First Affirmative Financial Network now owns 1,750 shares of the industrial products company’s stock valued at $328,000 after purchasing an additional 141 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOV has been the topic of several recent analyst reports. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Five 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, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Price Performance

Shares of DOV stock opened at $203.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company has a market cap of $27.91 billion, a P/E ratio of 18.19, a PEG ratio of 2.03 and a beta of 1.23. The stock’s 50-day moving average is $195.57 and its 200 day moving average is $190.34. Dover Co. has a 1-year low of $148.45 and a 1-year high of $214.57.

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 the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. Research analysts predict that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.