BridgePort Financial Solutions LLC purchased a new stake in shares of Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,884 shares of the industrial products company's stock, valued at approximately $370,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its position in shares of Dover by 78.6% during the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock valued at $2,345,000 after acquiring an additional 5,500 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Dover by 1,332.8% during the 4th quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company's stock valued at $4,594,000 after acquiring an additional 22,777 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Dover by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company's stock valued at $5,183,000 after acquiring an additional 444 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Dover by 3.7% during the 4th quarter. Bank of Montreal Can now owns 154,311 shares of the industrial products company's stock valued at $28,949,000 after acquiring an additional 5,469 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Dover by 4.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 253,376 shares of the industrial products company's stock valued at $47,533,000 after acquiring an additional 11,592 shares during the last quarter. 84.46% of the stock is owned by institutional investors.
Dover Price Performance
Shares of NYSE DOV traded down $1.98 during mid-day trading on Friday, hitting $177.70. 1,483,831 shares of the stock were exchanged, compared to its average volume of 972,756. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a market cap of $24.36 billion, a P/E ratio of 9.14, a PEG ratio of 2.06 and a beta of 1.28. The stock's fifty day simple moving average is $171.49 and its two-hundred day simple moving average is $187.04. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31.
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 for the quarter, beating analysts' consensus estimates of $1.99 by $0.06. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 earnings per share. As a group, analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued 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 currently 12.41%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on DOV. Royal Bank of Canada restated a "sector perform" rating and issued a $176.00 target price on shares of Dover in a report on Friday, April 25th. Mizuho set a $215.00 target price on Dover in a report on Friday, May 16th. Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Wall Street Zen lowered Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, UBS Group reduced their target price on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.75.
Read Our Latest Stock Analysis on DOV
Dover 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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