Sulzberger Capital Advisors Inc. Acquires Shares of 1,625 Dover Co. (NYSE:DOV)

Sulzberger Capital Advisors Inc. bought a new stake in shares of Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,625 shares of the industrial products company's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Life Planners purchased a new stake in shares of Dover during the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in shares of Dover during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC raised its position in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Dover during the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover in the fourth quarter worth about $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird dropped their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays upped their price target on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.33.

Dover Price Performance

DOV stock traded down $0.90 during trading on Monday, hitting $172.97. The company had a trading volume of 721,902 shares, compared to its average volume of 969,295. The company has a market cap of $23.71 billion, a P/E ratio of 8.89, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $173.81 and a two-hundred day moving average price of $188.95. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 EPS. Equities research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.19%. Dover's dividend payout ratio (DPR) is currently 12.41%.

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.