Lindbrook Capital LLC Purchases 89 Shares of Dover Co. (NYSE:DOV)

Lindbrook Capital LLC increased its position in shares of Dover Co. (NYSE:DOV) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,353 shares of the industrial products company’s stock after purchasing an additional 89 shares during the period. Lindbrook Capital LLC’s holdings in Dover were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DOV. Raymond James Financial Inc. bought a new stake in shares of Dover during the 4th quarter valued at $30,741,000. Proficio Capital Partners LLC purchased a new position in Dover during the fourth quarter valued at $28,718,000. FMR LLC grew its stake in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI grew its stake in Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after acquiring an additional 144,930 shares in the last quarter. Finally, Barclays PLC grew its stake in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after acquiring an additional 75,670 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DOV shares. Royal Bank of Canada raised their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Barclays raised their target price on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective 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. Five 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Dover stock opened at $185.46 on Friday. The firm has a 50-day moving average price of $195.90 and a 200-day moving average price of $193.56. The firm has a market capitalization of $25.45 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a 12-month low of $168.20 and a 12-month 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, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, equities research analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.