Nations Financial Group Inc. IA ADV Grows Stock Holdings in Dover Co. (NYSE:DOV)

Nations Financial Group Inc. IA ADV grew its holdings in Dover Co. (NYSE:DOV) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,069 shares of the industrial products company’s stock after acquiring an additional 186 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Dover were worth $951,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. WealthPLAN Partners LLC boosted its holdings in Dover by 1.6% during the fourth quarter. WealthPLAN Partners LLC now owns 16,287 shares of the industrial products company’s stock worth $3,055,000 after buying an additional 251 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Dover by 5.5% during the fourth quarter. V Square Quantitative Management LLC now owns 3,844 shares of the industrial products company’s stock worth $721,000 after buying an additional 201 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Dover by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 53,917 shares of the industrial products company’s stock worth $10,154,000 after buying an additional 299 shares in the last quarter. Life Planning Partners Inc purchased a new stake in Dover during the fourth quarter worth $7,919,000. Finally, Avestar Capital LLC boosted its holdings in Dover by 4.5% during the fourth quarter. Avestar Capital LLC now owns 2,973 shares of the industrial products company’s stock worth $558,000 after buying an additional 127 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DOV has been the topic of a number of recent analyst reports. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup reduced their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company upped their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Shares of NYSE DOV opened at $202.46 on Monday. The firm has a 50-day simple moving average of $195.26 and a 200-day simple moving average of $191.72. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 52 week low of $159.48 and a 52 week high of $222.31.

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

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is currently 10.59%.

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.