Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Dover Co. (NYSE:DOV)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Dover Co. (NYSE:DOV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 114,540 shares of the industrial products company's stock, valued at approximately $21,488,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Dover as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its position in Dover by 78.6% during the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock valued at $2,345,000 after buying an additional 5,500 shares during the period. Westpac Banking Corp boosted its position in Dover by 1,332.8% during the 4th quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company's stock valued at $4,594,000 after buying an additional 22,777 shares during the period. Commonwealth Equity Services LLC boosted its position in Dover by 1.6% during 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 buying an additional 444 shares during the period. Bank of Montreal Can boosted its position in Dover by 3.7% during 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 buying an additional 5,469 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Dover by 4.8% during 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 buying an additional 11,592 shares during the period. Institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on DOV. Barclays raised 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. Mizuho set a $215.00 target price on shares of Dover in a research report on Friday, May 16th. UBS Group dropped 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. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dover presently has a consensus rating of "Moderate Buy" and an average price target of $207.75.

Dover Trading Down 1.1%

DOV stock traded down $1.98 during mid-day trading on Friday, reaching $177.70. The company had a trading volume of 1,483,831 shares, compared to its average volume of 972,756. 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 capitalization of $24.36 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The firm has a 50 day moving average of $171.49 and a 200 day moving average of $187.04. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm earned $1.95 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

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