United Capital Financial Advisors LLC Has $4.37 Million Stock Holdings in Dover Co. (NYSE:DOV)

United Capital Financial Advisors LLC reduced its stake in shares of Dover Co. (NYSE:DOV) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,310 shares of the industrial products company’s stock after selling 1,199 shares during the period. United Capital Financial Advisors LLC’s holdings in Dover were worth $4,373,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Life Planners acquired a new stake in Dover during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in shares of Dover during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.9 %

DOV opened at $161.87 on Thursday. 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 company has a fifty day moving average of $182.35 and a 200-day moving average of $190.88. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market cap of $22.19 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued 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 return on equity of 21.03% and a net margin of 32.95%. On average, sell-side analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.27%. Dover’s dividend payout ratio is presently 10.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DOV. Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Morgan Stanley initiated coverage on shares of Dover in a research note on Monday. They issued an “equal weight” rating and a $185.00 price objective for the company. Finally, Wells Fargo & Company lifted their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $208.17.

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.