Gotham Asset Management LLC grew its position in Dover Co. (NYSE:DOV - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,569 shares of the industrial products company's stock after acquiring an additional 9,592 shares during the period. Gotham Asset Management LLC owned 0.06% of Dover worth $15,865,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of Dover in the 4th quarter valued at $28,000. R Squared Ltd bought a new position in Dover during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC raised its position in Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after purchasing an additional 87 shares during the last quarter. Kieckhefer Group LLC acquired a new position in Dover during the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover in the 4th quarter valued at about $46,000. 84.46% of the stock is currently owned by institutional investors.
Dover Stock Down 0.6%
DOV stock traded down $1.14 during mid-day trading on Wednesday, reaching $184.45. 792,584 shares of the company traded hands, compared to its average volume of 974,228. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 9.48, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm's 50 day moving average price is $171.60 and its 200 day moving average price is $188.28.
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, topping analysts' consensus estimates 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 company's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.12%. Dover's payout ratio is presently 12.41%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on DOV. Robert W. Baird lowered their price objective on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada restated a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research report on Friday, April 25th. Barclays raised their price objective on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Morgan Stanley started coverage on Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.
Check Out Our Latest Stock Analysis on Dover
Dover Company Profile
(
Free Report)
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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