Catalyst Capital Advisors LLC Takes Position in Dover Co. (NYSE:DOV)

Catalyst Capital Advisors LLC acquired a new stake in Dover Co. (NYSE:DOV) in the fourth quarter, Holdings Channel.com reports. The firm acquired 363 shares of the industrial products company’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new stake in Dover in the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in Dover in the third quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in Dover in the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC purchased a new stake in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover in the fourth quarter valued at approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DOV shares. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research note on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Up 1.4 %

Shares of NYSE DOV opened at $205.21 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 52 week low of $159.48 and a 52 week high of $222.31. The firm’s fifty day moving average is $195.35 and its 200 day moving average is $192.09. The company has a market cap of $28.15 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last issued its earnings results 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 net margin of 32.95% and a return on equity of 21.03%. On average, equities research analysts expect that Dover Co. will post 9.47 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 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.