Avantax Advisory Services Inc. Purchases 854 Shares of Dover Co. (NYSE:DOV)

Avantax Advisory Services Inc. lifted its position in Dover Co. (NYSE:DOV) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,213 shares of the industrial products company’s stock after purchasing an additional 854 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dover were worth $1,166,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd bought a new position in Dover in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC increased its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new position in Dover in the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the fourth quarter valued at $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $182.27 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $194.78 and a 200-day moving average of $193.54. The firm has a market cap of $25.01 billion, a P/E ratio of 9.37, 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.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. Sell-side analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.13%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

DOV has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group reduced their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.91.

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.