Avestar Capital LLC Buys 127 Shares of Dover Co. (NYSE:DOV)

Avestar Capital LLC raised its position in shares of Dover Co. (NYSE:DOV) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,973 shares of the industrial products company’s stock after acquiring an additional 127 shares during the period. Avestar Capital LLC’s holdings in Dover were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners bought a new stake in Dover in the 4th quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Dover during the third quarter worth $33,000. R Squared Ltd bought a new stake in shares of Dover in the fourth quarter valued at about $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover in the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Shares of DOV stock opened at $202.76 on Friday. Dover Co. has a twelve month low of $159.23 and a twelve month high of $222.31. 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 business has a fifty day simple moving average of $195.23 and a 200 day simple moving average of $191.50. The company has a market cap of $27.82 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS 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%. On average, sell-side analysts forecast that Dover Co. will post 9.47 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared 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. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DOV. Royal Bank of Canada boosted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Wells Fargo & Company boosted 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. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.