ProShare Advisors LLC Has $194.13 Million Stake in Dover Co. (NYSE:DOV)

ProShare Advisors LLC boosted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,034,790 shares of the industrial products company's stock after acquiring an additional 14,202 shares during the quarter. ProShare Advisors LLC owned approximately 0.75% of Dover worth $194,127,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DOV. Ecofi Investissements SA boosted its holdings in Dover by 1.1% during the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock worth $464,000 after purchasing an additional 52 shares during the last quarter. Trust Point Inc. raised its position in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock worth $367,000 after acquiring an additional 59 shares during the last quarter. JGP Wealth Management LLC grew its holdings in Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock worth $1,515,000 after acquiring an additional 62 shares during the period. Finally, Lido Advisors LLC grew its holdings in Dover by 1.4% in the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock worth $923,000 after purchasing an additional 69 shares during the period. Institutional investors own 84.46% of the company's stock.

Dover Stock Down 0.6%

NYSE DOV traded down $1.19 on Tuesday, reaching $185.22. The company had a trading volume of 211,643 shares, compared to its average volume of 965,411. The firm has a market capitalization of $25.39 billion, a PE ratio of 9.52, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a 50-day moving average of $171.91 and a 200-day moving average of $188.10. Dover Co. has a 1 year low of $143.04 and a 1 year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $1.95 EPS. The firm's revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business 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 of this dividend is Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. Dover's dividend payout ratio (DPR) is presently 12.41%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Barclays increased their price objective on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Citigroup lowered their target price on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and an average target price of $207.75.

About Dover

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.