Crews Bank & Trust Makes New $1.06 Million Investment in Dover Co. (NYSE:DOV)

Crews Bank & Trust purchased a new position in Dover Co. (NYSE:DOV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,672 shares of the industrial products company’s stock, valued at approximately $1,064,000.

Several other institutional investors have also modified their holdings of DOV. First Affirmative Financial Network raised its stake in shares of Dover by 8.8% in the 4th quarter. First Affirmative Financial Network now owns 1,750 shares of the industrial products company’s stock valued at $328,000 after purchasing an additional 141 shares during the period. Foster & Motley Inc. lifted its stake in Dover by 6.1% in the fourth quarter. Foster & Motley Inc. now owns 2,583 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 149 shares during the last quarter. Swedbank AB increased its stake in shares of Dover by 42.7% during the 4th quarter. Swedbank AB now owns 21,474 shares of the industrial products company’s stock worth $4,029,000 after purchasing an additional 6,421 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Dover by 88.7% in the 4th quarter. Strategic Blueprint LLC now owns 2,012 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 946 shares during the period. Finally, R Squared Ltd acquired a new stake in Dover in the 4th quarter valued at about $34,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of Dover stock opened at $207.79 on Thursday. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.04 and a beta of 1.23. The business has a 50-day simple moving average of $195.54 and a 200 day simple moving average of $190.11. Dover Co. has a one year low of $148.45 and a one year high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 18.63% and a return on equity of 23.61%. On average, research analysts anticipate that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 0.99%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DOV. Mizuho upped their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. UBS Group assumed coverage on Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price for the company. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.55.

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.