IHT Wealth Management LLC Trims Holdings in Dover Co. (NYSE:DOV)

IHT Wealth Management LLC trimmed its holdings in Dover Co. (NYSE:DOV) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,996 shares of the industrial products company’s stock after selling 223 shares during the quarter. IHT Wealth Management LLC’s holdings in Dover were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DOV. Ecofi Investissements SA lifted its holdings in shares of Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company’s stock valued at $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management increased its position in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after buying an additional 52 shares in the last quarter. ORG Partners LLC raised its stake in Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after buying an additional 58 shares during the last quarter. Trust Point Inc. boosted its holdings in Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 59 shares in the last quarter. Finally, JGP Wealth Management LLC grew its stake in shares of Dover by 0.8% in the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after acquiring an additional 62 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Dover in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Dover from $230.00 to $189.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird reduced their price target on shares of Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Morgan Stanley assumed coverage on Dover in a report on Monday, April 14th. They issued an “equal weight” rating and a $185.00 target price for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.50.

Dover Stock Down 0.3 %

DOV stock opened at $169.18 on Friday. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 2.06 and a beta of 1.24. 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 business’s 50-day moving average is $176.90 and its two-hundred day moving average is $189.66. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio is 10.59%.

About Dover

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.