Dover Co. (NYSE:DOV) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 117.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,099 shares of the industrial products company's stock after buying an additional 63,138 shares during the period. AQR Capital Management LLC owned about 0.09% of Dover worth $21,887,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DOV. Financial Life Planners acquired a new stake in Dover in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in Dover during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its stake in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after acquiring an additional 87 shares during the period. Kieckhefer Group LLC purchased a new stake in shares of Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover in the fourth quarter valued at about $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Up 0.4 %

Shares of DOV traded up $0.66 during mid-day trading on Friday, reaching $175.34. The company had a trading volume of 447,037 shares, compared to its average volume of 968,023. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm has a fifty day simple moving average of $171.90 and a 200-day simple moving average of $188.43. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth 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.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. On average, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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 given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.17%. Dover's dividend payout ratio (DPR) is 12.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DOV shares. Morgan Stanley initiated coverage on Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $176.00 price target on shares of Dover in a research report on Friday, April 25th. StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays lifted their target price on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and a consensus target price of $206.33.

Dover Company 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.