Caisse DE Depot ET Placement DU Quebec Grows Stock Holdings in Dover Co. (NYSE:DOV)

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Dover Co. (NYSE:DOV - Free Report) by 82.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,404 shares of the industrial products company's stock after acquiring an additional 69,290 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.11% of Dover worth $28,779,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DOV. Barclays PLC increased its holdings in shares of Dover by 26.6% in the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock worth $69,082,000 after buying an additional 75,670 shares during the last quarter. World Investment Advisors LLC increased its stake in Dover by 4.2% during the third quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company's stock worth $626,000 after acquiring an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Dover during the third quarter valued at approximately $525,000. Tidal Investments LLC lifted its stake in shares of Dover by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company's stock valued at $2,093,000 after purchasing an additional 1,063 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Dover by 35.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company's stock worth $1,624,000 after purchasing an additional 2,236 shares during the period. Institutional investors own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOV. Morgan Stanley assumed coverage on shares of Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective for the company. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Barclays increased their price objective 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. Robert W. Baird cut their target price on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.33.

Dover Stock Down 0.5 %

Shares of DOV traded down $0.90 during midday trading on Monday, reaching $172.97. 721,920 shares of the stock were exchanged, compared to its average volume of 969,295. The company has a market capitalization of $23.71 billion, a P/E ratio of 8.89, a PEG ratio of 2.06 and a beta of 1.24. 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 Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The company's 50 day moving average is $173.32 and its two-hundred day moving average is $188.80.

Dover (NYSE:DOV - Get Free Report) last issued its 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. Dover had a net margin of 32.95% and a return on equity of 21.03%. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the prior year, the business earned $1.95 EPS. The firm's quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts anticipate that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.19%. Dover's dividend payout ratio (DPR) is presently 12.41%.

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.