MML Investors Services LLC Has $4.32 Million Position in Dover Co. (NYSE:DOV)

MML Investors Services LLC lifted its stake in Dover Co. (NYSE:DOV - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,013 shares of the industrial products company's stock after acquiring an additional 6,260 shares during the period. MML Investors Services LLC's holdings in Dover were worth $4,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Life Planners acquired a new stake in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in shares of Dover in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its stake in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after purchasing an additional 87 shares during the period. Kieckhefer Group LLC acquired a new position in shares of Dover during the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the 4th quarter valued at approximately $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Citigroup cut 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. UBS Group decreased their target price on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, StockNews.com cut Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.33.

Dover Price Performance

NYSE:DOV traded up $0.19 during trading hours on Thursday, reaching $170.84. The company had a trading volume of 219,281 shares, compared to its average volume of 970,197. 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 stock has a 50-day moving average of $174.89 and a two-hundred day moving average of $189.30. Dover Co. has a one year low of $143.04 and a one year high of $222.31. The firm has a market capitalization of $23.42 billion, a PE ratio of 8.80, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. Analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio is currently 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.