Dover Co. (NYSE:DOV) Holdings Lifted by Nemes Rush Group LLC

Nemes Rush Group LLC boosted its holdings in Dover Co. (NYSE:DOV) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,011 shares of the industrial products company’s stock after acquiring an additional 233 shares during the quarter. Nemes Rush Group LLC’s holdings in Dover were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of Dover in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Dover in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Dover during the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover in the 4th quarter worth $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

Shares of DOV opened at $176.32 on Wednesday. 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 firm has a market cap of $24.17 billion, a PE ratio of 9.07, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The firm’s 50 day moving average price is $192.80 and its 200 day moving average price is $193.58.

Dover (NYSE:DOV) last released its quarterly 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 return on equity of 21.03% and a net margin of 32.95%. As a group, research analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.17%. Dover’s payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DOV shares. JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays dropped their target price on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Royal Bank of Canada raised their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.18.

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.