Dover Co. (NYSE:DOV) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Dover Co. (NYSE:DOV - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 597,668 shares of the industrial products company's stock after buying an additional 58,176 shares during the quarter. Deutsche Bank AG owned approximately 0.44% of Dover worth $112,123,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Financial Life Planners bought a new stake in shares of Dover in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its position in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new position in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover during the fourth quarter worth $46,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DOV shares. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Morgan Stanley assumed coverage on shares of Dover in a report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Six equities 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, Dover presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

Dover Stock Down 0.6%

NYSE:DOV traded down $1.14 during midday trading on Wednesday, reaching $184.45. 792,584 shares of the stock traded hands, compared to its average volume of 974,228. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The business has a 50-day moving average of $171.60 and a two-hundred day moving average of $188.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock has a market capitalization of $25.29 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

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. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 earnings per share. On average, equities analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 annualized dividend and a yield of 1.12%. Dover's payout ratio is 12.41%.

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.