Lighthouse Investment Partners LLC purchased a new stake in Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,000 shares of the industrial products company's stock, valued at approximately $938,000.
A number of other institutional investors have also modified their holdings of DOV. Ecofi Investissements SA boosted its stake in Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 52 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after acquiring an additional 59 shares during the last quarter. JGP Wealth Management LLC boosted its holdings in shares of Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock valued at $1,515,000 after acquiring an additional 62 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in shares of Dover by 1.4% in the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock valued at $923,000 after acquiring an additional 69 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on DOV shares. Mizuho set a $215.00 target price on shares of Dover in a research note on Friday. Morgan Stanley started coverage on shares of Dover in a research note on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price for the company. UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $207.75.
View Our Latest Stock Analysis on DOV
Dover Price Performance
Shares of NYSE DOV traded down $0.97 during mid-day trading on Tuesday, reaching $185.44. The company's stock had a trading volume of 147,892 shares, compared to its average volume of 965,174. The stock has a 50-day moving average of $171.91 and a two-hundred day moving average of $188.10. The stock has a market capitalization of $25.42 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31.
Dover (NYSE:DOV - Get Free Report) last issued its earnings results 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. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. On average, equities research analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.
Dover Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, May 30th. Dover's dividend payout ratio (DPR) is 12.41%.
About Dover
(
Free Report)
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.
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