Revisor Wealth Management LLC Has $306,000 Stock Holdings in Dover Co. (NYSE:DOV)

Revisor Wealth Management LLC decreased its position in shares of Dover Co. (NYSE:DOV) by 31.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,622 shares of the industrial products company’s stock after selling 748 shares during the period. Revisor Wealth Management LLC’s holdings in Dover were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Dover during the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new position in shares of Dover during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the period. Orion Capital Management LLC acquired a new position in Dover in the fourth quarter valued at $43,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 1.1%

Shares of NYSE DOV opened at $177.79 on Friday. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.06 and a beta of 1.28. 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 business has a 50-day moving average of $171.88 and a 200-day moving average of $187.85.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. Sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

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

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Dover in a research report on Monday, April 14th. They set an “equal weight” rating and a $185.00 price objective on the stock. Citigroup reduced their price objective on shares of Dover from $244.00 to $201.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Mizuho set a $215.00 price objective on Dover in a research note on Friday, May 16th. Finally, Robert W. Baird lowered their price target on shares of Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.