Dover Co. (NYSE:DOV) Stock Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Dover Co. (NYSE:DOV - Free Report) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,499 shares of the industrial products company's stock after purchasing an additional 3,841 shares during the quarter. Quantinno Capital Management LP's holdings in Dover were worth $3,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOV. Wolverine Asset Management LLC lifted its position in shares of Dover by 78.6% in the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock worth $2,345,000 after buying an additional 5,500 shares during the last quarter. Westpac Banking Corp raised its holdings in Dover by 1,332.8% in 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 in the last quarter. Commonwealth Equity Services LLC raised its holdings in Dover by 1.6% in 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 in the last quarter. Bank of Montreal Can raised its holdings in Dover by 3.7% in 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Dover by 4.8% in 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 in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOV. Mizuho set a $215.00 price objective on Dover in a research note on Friday. JPMorgan Chase & Co. increased their price target on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a research report on Friday. Royal Bank of Canada restated a "sector perform" rating and set a $176.00 price target on shares of Dover in a research report on Friday, April 25th. StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, UBS Group decreased their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.75.

Dover Stock Down 0.2%

NYSE:DOV opened at $186.33 on Tuesday. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $25.55 billion, a P/E ratio of 9.58, a P/E/G ratio of 2.06 and a beta of 1.28. The stock's fifty day simple moving average is $171.91 and its 200-day simple moving average is $188.10.

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

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, May 30th. Dover's payout ratio is presently 12.41%.

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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Co. (NYSE:DOV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.