Asset Management One Co. Ltd. Acquires 3,185 Shares of Dover Corporation (NYSE:DOV)

Asset Management One Co. Ltd. lifted its stake in Dover Corporation (NYSE:DOV - Free Report) by 5.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,102 shares of the industrial products company's stock after purchasing an additional 3,185 shares during the period. Asset Management One Co. Ltd.'s holdings in Dover were worth $10,032,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ecofi Investissements SA increased its stake in shares of Dover by 1.1% during the 4th 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. Fifth Third Wealth Advisors LLC increased its stake in shares of Dover by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,740 shares of the industrial products company's stock worth $306,000 after purchasing an additional 67 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Dover by 1.4% during the 4th 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 last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Dover by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,787 shares of the industrial products company's stock worth $2,211,000 after purchasing an additional 70 shares during the last quarter. Finally, Colonial Trust Co SC increased its stake in shares of Dover by 11.1% during the 4th quarter. Colonial Trust Co SC now owns 720 shares of the industrial products company's stock worth $135,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Performance

DOV traded up $0.13 on Friday, reaching $183.17. The company had a trading volume of 1,179,623 shares, compared to its average volume of 956,243. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.56 and a current ratio of 2.13. The stock has a market cap of $25.11 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.73 and a beta of 1.27. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company's fifty day moving average is $176.44 and its 200 day moving average is $183.78.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 28.85% and a return on equity of 19.54%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. As a group, analysts predict that Dover Corporation will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley assumed coverage on shares of Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Barclays boosted their price objective on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.58.

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.