Obermeyer Wealth Partners Lowers Stock Holdings in Dover Co. (NYSE:DOV)

Obermeyer Wealth Partners lowered its stake in Dover Co. (NYSE:DOV - Free Report) by 80.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,168 shares of the industrial products company's stock after selling 4,705 shares during the quarter. Obermeyer Wealth Partners' holdings in Dover were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DOV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dover by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,701 shares of the industrial products company's stock valued at $2,570,000 after buying an additional 533 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Dover in the 4th quarter valued at $938,000. Janus Henderson Group PLC lifted its stake in shares of Dover by 46.5% in the 4th quarter. Janus Henderson Group PLC now owns 28,075 shares of the industrial products company's stock valued at $5,270,000 after acquiring an additional 8,905 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Dover in the 4th quarter valued at $2,347,000. Finally, Geller Advisors LLC bought a new position in shares of Dover in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley started coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 target price for the company. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Robert W. Baird decreased their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $207.75.

Dover Trading Down 0.3%

Shares of DOV traded down $0.50 during trading hours on Monday, reaching $186.20. 138,133 shares of the company traded hands, compared to its average volume of 966,210. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 2.06 and a beta of 1.28. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. 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 stock's fifty day moving average price is $171.82 and its 200 day moving average price is $188.12.

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 (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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts forecast that Dover Co. will post 9.45 earnings per share 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 issued a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.11%. Dover's payout ratio is currently 12.41%.

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.