EverSource Wealth Advisors LLC Buys 87 Shares of Dover Co. (NYSE:DOV)

EverSource Wealth Advisors LLC boosted its stake in shares of Dover Co. (NYSE:DOV) by 79.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197 shares of the industrial products company’s stock after buying an additional 87 shares during the period. EverSource Wealth Advisors LLC’s holdings in Dover were worth $37,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DOV. Financial Life Planners purchased a new position in shares of Dover in the 4th quarter worth about $28,000. R Squared Ltd bought a new stake in Dover during the 4th quarter valued at about $34,000. Kieckhefer Group LLC purchased a new position in Dover in the fourth quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in shares of Dover in the fourth quarter worth approximately $46,000. Finally, Avior Wealth Management LLC grew its holdings in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DOV shares. The Goldman Sachs Group upped their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays upped their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Price Performance

Shares of Dover stock opened at $181.38 on Friday. Dover Co. has a one year low of $168.20 and a one year 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 stock has a market cap of $24.89 billion, a P/E ratio of 9.33, a P/E/G ratio of 2.06 and a beta of 1.24. The stock’s fifty day moving average is $194.67 and its 200 day moving average is $193.45.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Sell-side analysts anticipate that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. Dover’s dividend payout ratio (DPR) is presently 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.