BridgePort Financial Solutions LLC Makes New $370,000 Investment in Dover Co. (NYSE:DOV)

BridgePort Financial Solutions LLC acquired a new position in Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,884 shares of the industrial products company's stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOV. Ecofi Investissements SA raised its holdings in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock valued at $765,000 after buying an additional 50 shares in the last quarter. Spire Wealth Management grew its position in shares of Dover by 2.1% in the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after purchasing an additional 52 shares during the last quarter. Trust Point Inc. grew its position in shares of Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 59 shares during the last quarter. Lido Advisors LLC grew its position in shares of Dover by 1.4% in the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 69 shares during the last quarter. Finally, Catalina Capital Group LLC grew its position in shares of Dover by 4.2% in the fourth quarter. Catalina Capital Group LLC now owns 1,745 shares of the industrial products company's stock valued at $327,000 after purchasing an additional 70 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of NYSE:DOV traded down $2.26 during trading on Wednesday, reaching $179.30. The stock had a trading volume of 537,364 shares, compared to its average volume of 971,160. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The business's 50-day moving average price is $171.78 and its 200 day moving average price is $187.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $24.58 billion, a PE ratio of 9.22, a P/E/G ratio of 2.06 and a beta of 1.28.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the company posted $1.95 EPS. Dover's revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, May 30th. Dover's dividend payout ratio (DPR) is presently 12.41%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DOV. Royal Bank of Canada reissued a "sector perform" rating and set a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Robert W. Baird decreased their target price on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays lifted their price objective on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and an average price target of $207.75.

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.