1,860 Shares in Dover Co. (NYSE:DOV) Acquired by Centiva Capital LP

Centiva Capital LP purchased a new position in Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,860 shares of the industrial products company's stock, valued at approximately $349,000.

Other large investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in Dover by 78.6% in the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock valued at $2,345,000 after buying an additional 5,500 shares during the last quarter. Westpac Banking Corp raised its position in Dover by 1,332.8% during the 4th quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company's stock worth $4,594,000 after purchasing an additional 22,777 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company's stock valued at $17,077,000 after buying an additional 60,235 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company's stock worth $34,100,000 after acquiring an additional 5,372 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Dover by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company's stock worth $5,183,000 after acquiring an additional 444 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.3%

Shares of NYSE DOV traded down $0.47 during mid-day trading on Thursday, reaching $184.21. 493,216 shares of the company's stock were exchanged, compared to its average volume of 972,311. 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 $171.58 and its 200-day moving average is $188.26. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 9.47, a PEG 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 (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.06. The firm 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%. The firm's 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. Analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 1.12%. Dover's dividend payout ratio (DPR) is currently 12.41%.

Analyst Upgrades and Downgrades

DOV has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Oppenheimer reissued an "outperform" rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Robert W. Baird cut their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley assumed coverage on Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average price target 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.