Benedict Financial Advisors Inc. Has $3.69 Million Stock Holdings in Dover Co. (NYSE:DOV)

Benedict Financial Advisors Inc. decreased its holdings in Dover Co. (NYSE:DOV) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,669 shares of the industrial products company’s stock after selling 354 shares during the period. Benedict Financial Advisors Inc.’s holdings in Dover were worth $3,690,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DOV. Spire Wealth Management grew its holdings in shares of Dover by 2.1% during the 4th 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. Independent Advisor Alliance boosted its stake in shares of Dover by 0.3% during the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC increased its stake in shares of Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after buying an additional 58 shares during the period. Trust Point Inc. increased its position in Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 59 shares during the period. Finally, Main Street Financial Solutions LLC grew its stake in shares of Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Dover stock opened at $202.59 on Friday. Dover Co. has a one year low of $158.19 and a one year high of $222.31. The business has a fifty day moving average price of $195.31 and a 200-day moving average price of $191.01. 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 firm has a market capitalization of $27.79 billion, a P/E ratio of 10.42, a PEG ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts forecast that Dover Co. will post 9.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer reissued an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.