IronOak Wealth LLC. Purchases Shares of 1,810 Dover Co. (NYSE:DOV)

IronOak Wealth LLC. bought a new stake in Dover Co. (NYSE:DOV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,810 shares of the industrial products company's stock, valued at approximately $340,000.

Other large investors have also recently made changes to their positions in the company. Ecofi Investissements SA boosted its position in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing 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 period. 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 period. 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 period. Finally, Catalina Capital Group LLC increased its position in shares of Dover by 4.2% during the fourth quarter. Catalina Capital Group LLC now owns 1,745 shares of the industrial products company's stock worth $327,000 after purchasing an additional 70 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 1.1%

NYSE:DOV traded down $1.98 during trading hours on Friday, reaching $177.70. 1,483,831 shares of the stock were exchanged, compared to its average volume of 972,756. The business has a 50-day moving average of $171.49 and a two-hundred day moving average of $187.04. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 9.14, a PEG 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 EPS for the quarter, beating 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 business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, May 30th. Dover's dividend payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DOV shares. Wells Fargo & Company boosted their price target on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Mizuho set a $215.00 price objective on shares of Dover in a report on Friday, May 16th. Finally, Morgan Stanley began coverage on shares of Dover in a report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Dover currently has a consensus rating of "Moderate Buy" and an average target price 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.