Dover Co. (NYSE:DOV) Shares Purchased by Custom Index Systems LLC

Custom Index Systems LLC boosted its holdings in shares of Dover Co. (NYSE:DOV) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,945 shares of the industrial products company’s stock after buying an additional 154 shares during the period. Dover accounts for about 0.8% of Custom Index Systems LLC’s holdings, making the stock its 26th biggest holding. Custom Index Systems LLC’s holdings in Dover were worth $1,490,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DOV shares. JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank of Canada increased their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company raised their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, The Goldman Sachs Group boosted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Trading Down 1.0 %

Shares of Dover stock opened at $203.42 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $195.57 and its 200-day simple moving average is $190.34. The stock has a market cap of $27.91 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23. Dover Co. has a 1-year low of $148.45 and a 1-year high of $214.57.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

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.