HighTower Advisors LLC Raises Holdings in Dover Co. (NYSE:DOV)

HighTower Advisors LLC boosted its position in Dover Co. (NYSE:DOV) by 20.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,983 shares of the industrial products company’s stock after acquiring an additional 15,370 shares during the period. HighTower Advisors LLC owned about 0.06% of Dover worth $16,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Dover in the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in shares of Dover during the 4th quarter valued at $34,000. Kieckhefer Group LLC purchased a new stake in Dover during the 4th quarter worth $38,000. Golden State Wealth Management LLC purchased a new stake in Dover during the 4th quarter worth $46,000. Finally, Avior Wealth Management LLC increased its stake in Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after buying an additional 167 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of NYSE:DOV opened at $181.15 on Friday. 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 Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The firm has a 50-day simple moving average of $195.12 and a 200 day simple moving average of $193.57. The company has a market cap of $24.86 billion, a PE ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

DOV has been the topic of several analyst reports. Citigroup dropped their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their target price on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, UBS Group dropped their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.