Stifel Financial Corp Acquires 2,375 Shares of Dover Co. (NYSE:DOV)

Stifel Financial Corp grew its holdings in Dover Co. (NYSE:DOV - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,046 shares of the industrial products company's stock after acquiring an additional 2,375 shares during the period. Stifel Financial Corp's holdings in Dover were worth $12,203,000 as of its most recent SEC filing.

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

Dover Stock Up 0.4 %

Shares of NYSE:DOV traded up $0.64 during trading on Wednesday, hitting $170.86. 1,481,742 shares of the company's stock traded hands, compared to its average volume of 977,008. 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 50-day moving average price of $175.48 and a 200-day moving average price of $189.43. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The company has a market cap of $23.42 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

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

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, February 28th. Dover's dividend payout ratio is 12.41%.

Analysts Set New Price Targets

Several brokerages have commented on DOV. Citigroup dropped their price target on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price target on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, Morgan Stanley assumed coverage on Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.33.

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.