Occudo Quantitative Strategies LP bought a new stake in Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,348 shares of the industrial products company's stock, valued at approximately $1,754,000.
Several other institutional investors have also recently bought and sold shares of DOV. Financial Life Planners acquired a new position in Dover during the fourth quarter worth $28,000. R Squared Ltd acquired a new position in shares of Dover during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its holdings in Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new position in Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover in the fourth quarter valued at $46,000. Institutional investors own 84.46% of the company's stock.
Dover Price Performance
Shares of Dover stock traded up $2.29 on Friday, reaching $186.64. 656,131 shares of the stock were exchanged, compared to its average volume of 972,387. The firm's 50 day moving average is $171.70 and its 200-day moving average is $188.20. The firm has a market cap of $25.59 billion, a PE ratio of 9.60, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a one year low of $143.04 and a one year high of $222.31.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.95 EPS. As a group, analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, May 30th. Dover's dividend payout ratio (DPR) is 12.41%.
Analyst Ratings Changes
A number of brokerages recently commented on DOV. Barclays upped their price target on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Citigroup reduced their price target on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and a consensus target price of $208.17.
Read Our Latest Report on DOV
Dover Profile
(
Free Report)
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.
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