Dover Co. (NYSE:DOV) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its position in shares of Dover Co. (NYSE:DOV) by 22.7% in the 4th quarter, HoldingsChannel reports. The fund owned 6,923 shares of the industrial products company’s stock after selling 2,028 shares during the period. Hantz Financial Services Inc.’s holdings in Dover were worth $1,299,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the third quarter worth $33,000. R Squared Ltd purchased a new position in shares of Dover in the 4th quarter valued at about $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the 4th quarter worth about $38,000. Avior Wealth Management LLC lifted its stake in Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in Dover in the third quarter valued at approximately $50,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DOV. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lifted their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday. Finally, Wells Fargo & Company lifted their price target on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Down 1.0 %

NYSE:DOV opened at $203.42 on Friday. Dover Co. has a 12-month low of $148.45 and a 12-month high of $214.57. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $195.57 and its 200-day simple moving average is $190.34. The firm has a market cap of $27.91 billion, a P/E ratio of 18.19, a PEG ratio of 2.03 and a beta of 1.23.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. Equities analysts anticipate that Dover Co. will post 8.17 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio is presently 18.43%.

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.