SG Americas Securities LLC Acquires 80,609 Shares of Dover Co. (NYSE:DOV)

SG Americas Securities LLC raised its holdings in Dover Co. (NYSE:DOV - Free Report) by 5,282.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,135 shares of the industrial products company's stock after purchasing an additional 80,609 shares during the period. SG Americas Securities LLC owned 0.06% of Dover worth $14,429,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DOV. EverSource Wealth Advisors LLC increased 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 worth $37,000 after purchasing an additional 87 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Dover in the fourth quarter worth about $43,000. Golden State Wealth Management LLC purchased a new position in shares of Dover in the fourth quarter worth about $46,000. Mainstream Capital Management LLC purchased a new position in shares of Dover in the fourth quarter worth about $61,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Dover in the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Price Performance

DOV traded down $0.40 on Thursday, reaching $178.74. The company had a trading volume of 768,709 shares, compared to its average volume of 957,726. The business has a 50 day simple moving average of $172.96 and a 200 day simple moving average of $185.60. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 2.06 and a beta of 1.27. 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 Co. has a 52-week low of $143.04 and a 52-week 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 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 for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $1.95 earnings per share. The business's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, May 30th. Dover's payout ratio is currently 12.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Mizuho set a $215.00 price target on shares of Dover in a report on Friday, May 16th. Wall Street Zen downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Citigroup lowered their price target on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.