FORA Capital LLC Purchases Shares of 10,598 Dover Co. (NYSE:DOV)

FORA Capital LLC acquired a new stake in Dover Co. (NYSE:DOV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,598 shares of the industrial products company's stock, valued at approximately $1,988,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Dover by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company's stock valued at $3,045,772,000 after buying an additional 57,453 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dover by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company's stock valued at $618,068,000 after buying an additional 74,541 shares in the last quarter. FMR LLC raised its stake in shares of Dover by 1.1% in the 4th quarter. FMR LLC now owns 3,118,391 shares of the industrial products company's stock valued at $585,010,000 after buying an additional 32,565 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake 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 buying an additional 524,092 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Dover by 16.6% in the 4th quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company's stock valued at $323,896,000 after buying an additional 245,535 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays increased 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. Morgan Stanley assumed coverage on shares of Dover in a research report on Monday, April 14th. They set an "equal weight" rating and a $185.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. 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. Finally, Citigroup lowered their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Dover presently has a consensus rating of "Moderate Buy" and an average target price of $206.33.

Dover Trading Up 0.8%

Shares of NYSE DOV traded up $1.40 during mid-day trading on Friday, hitting $176.08. The company's stock had a trading volume of 1,351,254 shares, compared to its average volume of 972,721. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a one year low of $143.04 and a one year high of $222.31. The company's fifty day simple moving average is $171.73 and its 200-day simple moving average is $188.33.

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

Dover Dividend Announcement

The company 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 1.17%. The ex-dividend date is Friday, May 30th. Dover's payout ratio is 12.41%.

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.