Waterway Wealth Management LLC Has $405,000 Stake in Dover Co. (NYSE:DOV)

Waterway Wealth Management LLC raised its stake in shares of Dover Co. (NYSE:DOV) by 37.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,158 shares of the industrial products company’s stock after buying an additional 586 shares during the quarter. Waterway Wealth Management LLC’s holdings in Dover were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new position in Dover in the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover during the fourth quarter worth $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of NYSE DOV opened at $196.47 on Friday. Dover Co. has a one year low of $163.32 and a one year 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 cap of $26.96 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 2.06 and a beta of 1.24. The stock’s fifty day moving average price is $195.86 and its two-hundred day moving average price is $193.11.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting 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 analysts forecast that Dover Co. will post 9.45 EPS 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 paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Barclays boosted their price objective on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. UBS Group lowered their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

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.