Crestwood Advisors Group LLC Has $990,000 Holdings in Dover Co. (NYSE:DOV)

Crestwood Advisors Group LLC lifted its holdings in shares of Dover Co. (NYSE:DOV) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,279 shares of the industrial products company’s stock after acquiring an additional 75 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Dover were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Financial Life Planners bought a new position in Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in Dover during the third quarter worth $33,000. R Squared Ltd bought a new position in Dover during the fourth quarter worth $34,000. Kieckhefer Group LLC bought a new position in Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Barclays lifted their target price on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Finally, Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 0.6 %

Shares of NYSE DOV opened at $198.20 on Wednesday. The stock has a market capitalization of $27.20 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a 50-day moving average price of $195.54 and a 200-day moving average price of $193.05. Dover Co. has a 1 year low of $163.07 and a 1 year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. On average, equities research analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm 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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 28th. Dover’s dividend 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.