Orion Portfolio Solutions LLC Grows Position in Dover Co. (NYSE:DOV)

Orion Portfolio Solutions LLC grew its position in shares of Dover Co. (NYSE:DOV) by 25.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,731 shares of the industrial products company’s stock after purchasing an additional 2,753 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Dover were worth $2,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DOV. Financial Life Planners purchased a new position in Dover during the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in shares of Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $176.32 on Wednesday. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31. The stock’s 50-day simple moving average is $192.80 and its 200 day simple moving average is $193.58. 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 stock has a market capitalization of $24.17 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 2.06 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, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.17%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOV. JPMorgan Chase & Co. upped 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. Royal Bank of Canada raised their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Barclays reduced their target price on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. The Goldman Sachs Group lifted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.18.

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.