Kestra Private Wealth Services LLC Buys 1,427 Shares of Dover Co. (NYSE:DOV)

Kestra Private Wealth Services LLC increased its stake 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 fund owned 6,206 shares of the industrial products company’s stock after purchasing an additional 1,427 shares during the period. Kestra Private Wealth Services LLC’s holdings in Dover were worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DOV. CWM LLC increased its position in shares of Dover by 5.3% in the third quarter. CWM LLC now owns 2,639 shares of the industrial products company’s stock worth $506,000 after purchasing an additional 132 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Dover by 488.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,295 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 1,075 shares during the last quarter. NBC Securities Inc. boosted its stake in Dover by 2.9% in the third quarter. NBC Securities Inc. now owns 5,204 shares of the industrial products company’s stock worth $997,000 after buying an additional 149 shares in the last quarter. Swedbank AB boosted its stake in Dover by 76.6% in the third quarter. Swedbank AB now owns 15,053 shares of the industrial products company’s stock worth $2,886,000 after buying an additional 6,529 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in Dover by 2.8% in the third quarter. Sumitomo Life Insurance Co. now owns 6,224 shares of the industrial products company’s stock worth $1,193,000 after buying an additional 168 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DOV. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, UBS Group cut their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Performance

NYSE:DOV opened at $202.76 on Friday. The firm has a market cap of $27.82 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. Dover Co. has a fifty-two week low of $159.23 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. The business has a 50 day moving average price of $195.23 and a 200-day moving average price of $191.50.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities research analysts predict that Dover Co. will post 9.47 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. Dover’s payout ratio is 10.59%.

Dover 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.