Dover Co. (NYSE:DOV) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in Dover Co. (NYSE:DOV) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,831 shares of the industrial products company’s stock after purchasing an additional 5,289 shares during the period. Oppenheimer & Co. Inc.’s holdings in Dover were worth $4,471,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new position in shares of Dover in the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover in the 3rd quarter worth approximately $33,000. R Squared Ltd acquired a new position in shares of Dover in the 4th quarter worth approximately $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

NYSE DOV opened at $198.75 on Friday. 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 stock has a market capitalization of $27.27 billion, a PE ratio of 10.22, 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 $196.05 and a two-hundred day moving average price of $193.28. Dover Co. has a 12-month low of $163.71 and a 12-month 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays raised their target price on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Citigroup decreased their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover 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.