Dover Co. (NYSE:DOV) Shares Bought by Crestline Management LP

Crestline Management LP grew its holdings in Dover Co. (NYSE:DOV - Free Report) by 348.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,753 shares of the industrial products company's stock after buying an additional 36,328 shares during the period. Crestline Management LP's holdings in Dover were worth $8,771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Life Planners acquired a new position in shares of Dover during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in Dover during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC grew its holdings in Dover by 79.1% in the 4th 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 purchased a new stake in Dover in the 4th quarter valued at $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover in the 4th quarter worth $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DOV. Royal Bank of Canada reissued a "sector perform" rating and issued a $176.00 price objective on shares of Dover in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Oppenheimer restated an "outperform" rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wells Fargo & Company upped 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. Finally, StockNews.com cut Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.33.

Dover Trading Down 0.5 %

Shares of NYSE DOV opened at $172.97 on Tuesday. The stock has a fifty day simple moving average of $173.32 and a 200-day simple moving average of $188.80. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $23.71 billion, a PE ratio of 8.89, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The business's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm 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 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 1.19%. 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.

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