Jones Financial Companies Lllp Purchases 4,121 Shares of Dover Co. (NYSE:DOV)

Jones Financial Companies Lllp raised its position in Dover Co. (NYSE:DOV) by 80.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,255 shares of the industrial products company’s stock after acquiring an additional 4,121 shares during the period. Jones Financial Companies Lllp’s holdings in Dover were worth $1,736,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DOV. Financial Life Planners acquired a new position in Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter worth about $33,000. R Squared Ltd bought a new position in shares of Dover in the 4th quarter valued at about $34,000. Kieckhefer Group LLC bought a new stake in Dover during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

NYSE:DOV opened at $185.85 on Friday. The stock has a 50 day simple moving average of $196.00 and a 200 day simple moving average of $193.61. The stock has a market cap of $25.50 billion, a P/E ratio of 9.56, a PEG 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 company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

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, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts anticipate that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

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 given a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. Dover’s payout ratio is presently 10.59%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted 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 cut 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 restated an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Finally, UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $218.91.

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.