Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in Dover Co. (NYSE:DOV - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,173 shares of the industrial products company's stock after selling 1,559 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Dover were worth $595,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. boosted its position in Dover by 31.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock worth $409,530,000 after purchasing an additional 524,092 shares during the period. Syon Capital LLC lifted its stake in shares of Dover by 6.9% during the 4th quarter. Syon Capital LLC now owns 2,377 shares of the industrial products company's stock worth $446,000 after buying an additional 153 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in shares of Dover by 719.8% during the 4th quarter. Dark Forest Capital Management LP now owns 17,315 shares of the industrial products company's stock worth $3,248,000 after buying an additional 15,203 shares during the period. Stifel Financial Corp grew its stake in Dover by 3.8% in the 4th quarter. Stifel Financial Corp now owns 65,046 shares of the industrial products company's stock valued at $12,203,000 after buying an additional 2,375 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Dover by 57.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,778 shares of the industrial products company's stock worth $1,460,000 after acquiring an additional 2,827 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.
Dover Price Performance
NYSE:DOV traded up $3.93 during mid-day trading on Friday, reaching $173.74. The stock had a trading volume of 1,408,883 shares, compared to its average volume of 970,288. The stock has a 50-day simple moving average of $173.81 and a two-hundred day simple moving average of $188.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31. The stock has a market capitalization of $23.82 billion, a PE ratio of 8.93, a P/E/G ratio of 2.06 and a beta of 1.24.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. The company had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. Dover's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 EPS. On average, equities analysts anticipate that Dover Co. will post 9.45 earnings per share for the current year.
Dover Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.19%. Dover's dividend payout ratio is 12.41%.
Wall Street Analysts Forecast Growth
DOV has been the topic of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Robert W. Baird decreased their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Citigroup dropped their target price on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Finally, UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and an average price target of $206.33.
Get Our Latest Stock Analysis on Dover
About Dover
(
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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