Avanza Fonder AB Boosts Holdings in Dover Co. (NYSE:DOV)

Avanza Fonder AB lifted its position in Dover Co. (NYSE:DOV - Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,200 shares of the industrial products company's stock after buying an additional 1,652 shares during the quarter. Avanza Fonder AB's holdings in Dover were worth $2,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake 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 during the period. Orion Capital Management LLC bought a new position in shares of Dover during the fourth quarter valued at $43,000. Golden State Wealth Management LLC acquired a new position in shares of Dover in the fourth quarter worth approximately $46,000. Mainstream Capital Management LLC acquired a new stake in shares of Dover during the fourth quarter worth $61,000. Finally, Ameriflex Group Inc. acquired a new stake in Dover during the fourth quarter worth approximately $69,000. Institutional investors own 84.46% of the company's stock.

Analysts Set New Price Targets

DOV has been the topic of several recent research reports. Morgan Stanley began coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target on the stock. Barclays boosted their price target 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. JPMorgan Chase & Co. boosted their price target 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. Robert W. Baird lowered their price target 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $176.00 price target on shares of Dover in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and a consensus price target of $207.75.

Dover Stock Performance

NYSE DOV traded down $1.18 on Thursday, reaching $177.96. The stock had a trading volume of 210,084 shares, compared to its average volume of 958,372. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market cap of $24.40 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27. The business's 50-day moving average price is $172.41 and its 200 day moving average price is $185.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results 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. Dover had a net margin of 32.95% and a return on equity of 21.03%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $1.95 EPS. The business's revenue was down .9% compared to the same quarter last year. As a group, equities analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, May 30th. Dover's dividend payout ratio 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.