Dover Co. (NYSE:DOV) Stock Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,688 shares of the industrial products company's stock after buying an additional 14,996 shares during the quarter. Rhumbline Advisers owned 0.20% of Dover worth $48,257,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in Dover during the fourth quarter worth approximately $28,000. R Squared Ltd purchased a new stake in Dover during the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Dover by 79.1% during the fourth 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 in the last quarter. Orion Capital Management LLC acquired a new position in shares of Dover during the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Dover during the fourth quarter worth $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

DOV stock traded down $0.57 during trading on Thursday, hitting $177.09. 887,720 shares of the company's stock traded hands, compared to its average volume of 964,861. 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 52 week low of $143.04 and a 52 week high of $222.31. The stock has a fifty day moving average price of $171.41 and a two-hundred day moving average price of $186.52. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

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

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 annualized dividend and a yield of 1.16%. Dover's payout ratio is 12.41%.

Analyst Ratings Changes

A number of research analysts have recently commented on DOV shares. JPMorgan Chase & Co. boosted their target price on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $176.00 target price on shares of Dover in a research report on Friday, April 25th. Robert W. Baird reduced their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays boosted their target price on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, Citigroup reduced their target price on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.75.

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.