Dover Co. (NYSE:DOV) Stock Holdings Increased by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC grew its position in shares of Dover Co. (NYSE:DOV) by 11.0% during the 4th quarter, Holdings Channel reports. The firm owned 8,584 shares of the industrial products company’s stock after purchasing an additional 852 shares during the period. Game Plan Financial Advisors LLC’s holdings in Dover were worth $1,604,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its position in Dover by 10.3% during the fourth quarter. Allworth Financial LP now owns 2,751 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 258 shares during the last quarter. Principal Securities Inc. increased its stake in Dover by 43.4% during the fourth quarter. Principal Securities Inc. now owns 2,384 shares of the industrial products company’s stock valued at $447,000 after acquiring an additional 722 shares during the period. Montag A & Associates Inc. increased its stake in Dover by 3.3% during the fourth quarter. Montag A & Associates Inc. now owns 6,031 shares of the industrial products company’s stock valued at $1,131,000 after acquiring an additional 195 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in shares of Dover by 3.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 5,069 shares of the industrial products company’s stock valued at $951,000 after purchasing an additional 186 shares during the period. Finally, WealthPLAN Partners LLC boosted its holdings in shares of Dover by 1.6% in the 4th quarter. WealthPLAN Partners LLC now owns 16,287 shares of the industrial products company’s stock worth $3,055,000 after acquiring an additional 251 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

Shares of NYSE:DOV opened at $202.46 on Friday. The firm has a market cap of $27.78 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The firm’s fifty day moving average is $195.26 and its 200-day moving average is $191.66. 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 $159.48 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Sell-side analysts predict that Dover Co. will post 9.47 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DOV shares. Barclays upped their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. UBS Group cut their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dover 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.