Dover Co. (NYSE:DOV) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its stake in shares of Dover Co. (NYSE:DOV) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,684 shares of the industrial products company’s stock after buying an additional 143 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Dover were worth $504,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Spire Wealth Management grew its holdings in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after purchasing an additional 58 shares during the period. ORG Partners LLC lifted its stake in shares of Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares during the period. Trust Point Inc. lifted its stake in shares of Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares during the period. Finally, JGP Wealth Management LLC lifted its stake in shares of Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Up 2.3 %

Shares of NYSE DOV opened at $181.15 on Monday. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock’s 50-day simple moving average is $195.12 and its 200-day simple moving average is $193.65.

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

Dover Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DOV. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. UBS Group cut their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus 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.