Dover Co. (NYSE:DOV) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in Dover Co. (NYSE:DOV) by 124.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,054 shares of the industrial products company’s stock after acquiring an additional 7,231 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Dover were worth $2,449,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Financial Life Planners acquired a new position in Dover during the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new position in shares of Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its position in Dover by 79.1% during the 4th 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 position in shares of Dover during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 1.9 %

Shares of NYSE:DOV opened at $158.04 on Tuesday. 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 company’s 50-day moving average price is $179.79 and its 200 day moving average price is $190.26. The company has a market cap of $21.66 billion, a PE ratio of 8.13, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

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

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.30%. Dover’s dividend payout ratio (DPR) is 10.59%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DOV. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley initiated coverage on Dover in a report on Monday, April 14th. They issued an “equal weight” rating and a $185.00 price target for the company. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada lifted their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $208.17.

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.