Silvercrest Asset Management Group LLC Has $14.60 Million Stock Holdings in Dover Co. (NYSE:DOV)

Silvercrest Asset Management Group LLC boosted its position in Dover Co. (NYSE:DOV - Free Report) by 448.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,810 shares of the industrial products company's stock after buying an additional 63,629 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.06% of Dover worth $14,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Dover in the fourth quarter valued at $316,228,000. Balyasny Asset Management L.P. bought a new position in shares of Dover in the fourth quarter valued at $99,017,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Dover by 31.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company's stock valued at $409,530,000 after purchasing an additional 524,092 shares during the period. Northern Trust Corp boosted its holdings in shares of Dover by 16.6% in the fourth quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company's stock worth $323,896,000 after buying an additional 245,535 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in Dover during the 4th quarter worth approximately $40,350,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Down 3.1%

NYSE:DOV traded down $5.65 during trading hours on Wednesday, reaching $178.62. The company's stock had a trading volume of 1,533,020 shares, compared to its average volume of 973,943. Dover Co. has a one year low of $143.04 and a one year high of $222.31. The business's 50-day moving average is $172.05 and its 200-day moving average is $188.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company has a market cap of $24.49 billion, a price-to-earnings ratio of 9.18, 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, topping analysts' consensus estimates of $1.99 by $0.06. The firm 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%. The business's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend payout ratio (DPR) is currently 12.41%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DOV shares. Mizuho set a $215.00 price target on Dover in a report on Friday, May 16th. Barclays lifted their target price on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised 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. Morgan Stanley initiated coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 price objective on the stock. Finally, UBS Group cut their target price 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. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and an average price target 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.