153,082 Shares in Dover Co. (NYSE:DOV) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 153,082 shares of the industrial products company’s stock, valued at approximately $28,718,000. Proficio Capital Partners LLC owned 0.11% of Dover as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOV. Oppenheimer & Co. Inc. boosted its holdings in Dover by 28.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,831 shares of the industrial products company’s stock worth $4,471,000 after buying an additional 5,289 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Dover by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 54,500 shares of the industrial products company’s stock worth $10,224,000 after buying an additional 900 shares during the last quarter. SRN Advisors LLC bought a new position in Dover during the fourth quarter worth about $228,000. Oregon Public Employees Retirement Fund boosted its holdings in Dover by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,787 shares of the industrial products company’s stock worth $2,211,000 after buying an additional 70 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its holdings in Dover by 1.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 5,279 shares of the industrial products company’s stock worth $990,000 after buying an additional 75 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOV. The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on 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 objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays lifted their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Up 1.1 %

NYSE DOV opened at $198.75 on Friday. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.06 and a beta of 1.24. The stock’s 50 day moving average price is $196.05 and its two-hundred day moving average price is $193.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 52 week low of $163.71 and a 52 week high of $222.31.

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

Dover Dividend Announcement

The business also recently declared 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. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio (DPR) is 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.