Stack Financial Management Inc Sells 562 Shares of Dover Co. (NYSE:DOV)

Stack Financial Management Inc lowered its holdings in shares of Dover Co. (NYSE:DOV) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 83,272 shares of the industrial products company’s stock after selling 562 shares during the period. Stack Financial Management Inc’s holdings in Dover were worth $15,622,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DOV. Financial Life Planners purchased a new position in shares of Dover in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd purchased a new position in Dover in the 4th quarter worth approximately $34,000. Kieckhefer Group LLC bought 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 shares of Dover during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.6 %

NYSE DOV opened at $199.36 on Tuesday. The stock’s 50 day moving average is $195.51 and its 200 day moving average is $192.90. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.36 billion, a PE ratio of 10.25, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $163.07 and a twelve month high of $222.31.

Dover (NYSE:DOV) last released its earnings results 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 net margin of 32.95% and a return on equity of 21.03%. Research analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. Dover’s payout ratio is 10.59%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group decreased their target price 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. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a report on Monday, October 28th. Barclays boosted 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. Finally, JPMorgan Chase & Co. increased their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

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.