Life Planning Partners Inc Makes New Investment in Dover Co. (NYSE:DOV)

Life Planning Partners Inc acquired a new position in shares of Dover Co. (NYSE:DOV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 42,210 shares of the industrial products company’s stock, valued at approximately $7,919,000. Dover accounts for about 1.1% of Life Planning Partners Inc’s holdings, making the stock its 24th largest holding.

A number of other large investors have also recently made changes to their positions in the stock. Financial Life Planners acquired a new stake in Dover during the 4th quarter worth about $28,000. R Squared Ltd acquired a new stake in shares of Dover during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC increased its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares during the period. Kieckhefer Group LLC purchased a new position in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the 4th quarter valued at approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DOV. Royal Bank of Canada raised 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. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Citigroup lowered 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. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Stock Performance

DOV opened at $174.63 on Friday. The firm’s fifty day simple moving average is $193.63 and its two-hundred day simple moving average is $193.64. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio is currently 10.59%.

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.