Blue Trust Inc. Buys 356 Shares of Dover Co. (NYSE:DOV)

Blue Trust Inc. boosted its position in shares of Dover Co. (NYSE:DOV) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,584 shares of the industrial products company’s stock after buying an additional 356 shares during the quarter. Blue Trust Inc.’s holdings in Dover were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the 3rd quarter worth about $33,000. Kieckhefer Group LLC purchased a new stake in Dover in the 4th quarter worth about $38,000. Avior Wealth Management LLC boosted its position 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 period. Coastline Trust Co bought a new position in shares of Dover during the third quarter valued at approximately $50,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Dover by 50.5% during the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 105 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Up 4.0 %

Shares of NYSE:DOV opened at $205.27 on Friday. The company has a market capitalization of $28.16 billion, a PE ratio of 18.36, a P/E/G ratio of 2.04 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a 12-month low of $148.45 and a 12-month high of $214.57. The business’s fifty day simple moving average is $195.60 and its 200-day simple moving average is $190.22.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. As a group, equities research analysts predict that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.00%. Dover’s dividend payout ratio (DPR) is 18.43%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Five 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 an average rating of “Moderate Buy” and a consensus target price of $212.55.

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.