Woodline Partners LP Has $72.26 Million Stock Holdings in Dover Co. (NYSE:DOV)

Woodline Partners LP raised its holdings in Dover Co. (NYSE:DOV - Free Report) by 352.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 385,180 shares of the industrial products company's stock after buying an additional 300,124 shares during the period. Woodline Partners LP owned 0.28% of Dover worth $72,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DOV. Barclays PLC raised its holdings in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock worth $69,082,000 after acquiring an additional 75,670 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Dover by 35.9% during the 4th quarter. Merit Financial Group LLC now owns 3,176 shares of the industrial products company's stock worth $596,000 after purchasing an additional 839 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Dover by 30.7% during the 4th quarter. Brooklyn Investment Group now owns 549 shares of the industrial products company's stock worth $103,000 after purchasing an additional 129 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Dover by 5.3% in the 4th quarter. HB Wealth Management LLC now owns 8,029 shares of the industrial products company's stock valued at $1,506,000 after buying an additional 401 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in shares of Dover by 68.1% in the fourth quarter. Grove Bank & Trust now owns 390 shares of the industrial products company's stock valued at $73,000 after buying an additional 158 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Stock Performance

DOV traded up $0.90 during trading hours on Thursday, reaching $179.82. The company's stock had a trading volume of 870,354 shares, compared to its average volume of 973,676. 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's 50-day moving average is $171.94 and its 200-day moving average is $187.94. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The firm has a market cap of $24.65 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.03% and a net margin of 32.95%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $1.95 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 1.15%. The ex-dividend date is Friday, May 30th. Dover's dividend payout ratio is 12.41%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DOV. UBS Group decreased their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Barclays boosted their price target on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Mizuho set a $215.00 price objective on Dover in a research report on Friday, May 16th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $176.00 target price on shares of Dover in a report on Friday, April 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and a consensus target price of $207.75.

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.