Empowered Funds LLC Purchases 268 Shares of Dover Co. (NYSE:DOV)

Empowered Funds LLC raised its position in shares of Dover Co. (NYSE:DOV) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,426 shares of the industrial products company’s stock after purchasing an additional 268 shares during the period. Empowered Funds LLC’s holdings in Dover were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Dover in the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover in the third quarter worth $33,000. R Squared Ltd bought a new position in shares of Dover in the fourth quarter worth $34,000. Kieckhefer Group LLC bought a new position in shares of Dover in the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover in the fourth quarter worth $46,000. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Citigroup dropped their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Trading Up 0.8 %

NYSE DOV opened at $202.76 on Friday. The stock’s 50-day simple moving average is $195.23 and its two-hundred day simple moving average is $191.50. 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 company has a market capitalization of $27.82 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts forecast that Dover Co. will post 9.47 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s dividend payout ratio is currently 10.59%.

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.