Dover Co. (NYSE:DOV) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in Dover Co. (NYSE:DOV) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,434 shares of the industrial products company’s stock after selling 1,452 shares during the period. Congress Wealth Management LLC DE’s holdings in Dover were worth $457,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Dover in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in Dover in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its stake in Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new position in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover in the 4th quarter worth approximately $46,000. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Performance

Shares of DOV stock opened at $174.63 on Friday. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The business has a 50 day simple moving average of $193.63 and a 200 day simple moving average of $193.56.

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

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

DOV has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup dropped their price objective 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. Finally, Wells Fargo & Company lifted their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.18.

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.