Dover Co. (NYSE:DOV) Shares Acquired by Avanza Fonder AB

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

Several other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Dover by 104.5% during the first quarter. GAMMA Investing LLC now owns 3,205 shares of the industrial products company's stock worth $563,000 after buying an additional 1,638 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Dover in the first quarter valued at about $203,000. Pallas Capital Advisors LLC lifted its position in Dover by 8.1% in the first quarter. Pallas Capital Advisors LLC now owns 53,899 shares of the industrial products company's stock valued at $9,469,000 after purchasing an additional 4,017 shares during the period. Farther Finance Advisors LLC lifted its position in Dover by 45.4% in the first quarter. Farther Finance Advisors LLC now owns 599 shares of the industrial products company's stock valued at $106,000 after purchasing an additional 187 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Dover by 7.0% in the first quarter. Park Avenue Securities LLC now owns 8,762 shares of the industrial products company's stock valued at $1,539,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOV. Barclays raised 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. Robert W. Baird reduced their price objective on shares of 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 reiterated a "sector perform" rating and set a $176.00 price target on shares of Dover in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $190.00 to $211.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Morgan Stanley began coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price target for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $208.58.

Dover Trading Down 1.4%

DOV stock traded down $2.51 during midday trading on Friday, hitting $176.27. The stock had a trading volume of 898,534 shares, compared to its average volume of 957,318. The firm has a market cap of $24.17 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The company's 50-day moving average price is $173.47 and its 200 day moving average price is $185.24.

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

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover's dividend payout ratio is presently 12.41%.

Dover Company 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.