Game Plan Financial Advisors LLC Has $1.60 Million Position in Dover Co. (NYSE:DOV)

Game Plan Financial Advisors LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Dover by 313.7% in 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 buying an additional 144,930 shares in the last quarter. Barclays PLC raised its holdings in shares of Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Dover in the third quarter valued at about $14,459,000. Finally, Assenagon Asset Management S.A. increased its holdings in Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after buying an additional 60,235 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DOV shares. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Shares of DOV stock opened at $202.46 on Friday. The stock’s 50-day simple moving average is $195.26 and its 200-day simple moving average is $191.66. The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.03 and a beta of 1.24. Dover Co. has a fifty-two week low of $159.48 and a fifty-two week high of $222.31. 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 (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities analysts forecast that Dover Co. will post 9.47 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

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.