Norris Perne & French LLP MI Has $295,000 Position in Dover Co. (NYSE:DOV)

Norris Perne & French LLP MI lifted its stake in shares of Dover Co. (NYSE:DOV) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,575 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. Norris Perne & French LLP MI’s holdings in Dover were worth $295,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Dover in the 3rd quarter worth about $33,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter worth about $34,000. Kieckhefer Group LLC bought a new position in shares of Dover in the 4th quarter worth $38,000. Avior Wealth Management LLC grew its holdings in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after buying an additional 167 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in Dover during the 3rd quarter worth approximately $50,000. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Barclays increased their price target on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their target price on Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $212.55.

Dover Trading Up 4.0 %

Shares of NYSE:DOV opened at $205.27 on Friday. The company has a market cap of $28.16 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. Dover Co. has a 12-month low of $148.45 and a 12-month high of $214.57. The stock has a 50 day moving average of $195.60 and a 200 day moving average of $190.22. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. As a group, equities research analysts expect that Dover Co. will post 8.17 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.00%. Dover’s dividend payout ratio is currently 18.43%.

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.