Dover Co. (NYSE:DOV) Stock Holdings Increased by Foster & Motley Inc.

Foster & Motley Inc. grew its position in shares of Dover Co. (NYSE:DOV) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,583 shares of the industrial products company’s stock after buying an additional 149 shares during the period. Foster & Motley Inc.’s holdings in Dover were worth $485,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DOV. Swedbank AB increased its stake in Dover by 42.7% during the fourth quarter. Swedbank AB now owns 21,474 shares of the industrial products company’s stock valued at $4,029,000 after purchasing an additional 6,421 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Dover by 88.7% in the 4th quarter. Strategic Blueprint LLC now owns 2,012 shares of the industrial products company’s stock valued at $377,000 after buying an additional 946 shares during the period. R Squared Ltd bought a new stake in shares of Dover during the 4th quarter valued at about $34,000. BSW Wealth Partners lifted its holdings in Dover by 15.5% in the fourth quarter. BSW Wealth Partners now owns 6,110 shares of the industrial products company’s stock worth $1,146,000 after acquiring an additional 822 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Dover by 19.5% in the fourth quarter. Perigon Wealth Management LLC now owns 1,451 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 237 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the topic of a number of research reports. The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday. Mizuho upped their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Trading Down 1.0 %

Shares of Dover stock opened at $203.42 on Friday. The business has a fifty day simple moving average of $195.57 and a 200-day simple moving average of $190.34. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. Dover Co. has a fifty-two week low of $148.45 and a fifty-two week high of $214.57. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. On average, equities analysts forecast that Dover Co. will post 8.17 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio 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.