TD Private Client Wealth LLC Increases Stake in Dover Co. (NYSE:DOV)

TD Private Client Wealth LLC raised its holdings in shares of Dover Co. (NYSE:DOV) by 128.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,016 shares of the industrial products company’s stock after acquiring an additional 571 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dover were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Spire Wealth Management lifted its position in Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares during the period. ORG Partners LLC grew its stake in shares of Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. increased its holdings in Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 59 shares in the last quarter. Finally, JGP Wealth Management LLC raised its stake in Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after acquiring an additional 62 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DOV shares. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Royal Bank of Canada upped their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company increased their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Performance

NYSE DOV opened at $185.89 on Wednesday. The stock has a market capitalization of $25.51 billion, a PE ratio of 9.56, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31. The business has a 50 day simple moving average of $194.51 and a two-hundred day simple moving average of $193.77. 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 (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio is 10.59%.

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.