Mufg Securities Americas Inc. purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,026 shares of the industrial products company's stock, valued at approximately $380,000.
Other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd bought a new stake in shares of Dover in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC grew 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 last quarter. Golden State Wealth Management LLC bought a new stake in shares of Dover in the fourth quarter worth $46,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Dover in the fourth quarter worth $61,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.
Dover Price Performance
DOV stock opened at $186.64 on Friday. The stock has a market capitalization of $25.59 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company's 50-day moving average is $171.82 and its 200-day moving average is $188.16. 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 1 year low of $143.04 and a 1 year 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, topping analysts' consensus estimates of $1.99 by $0.06. The company had revenue of $1.87 billion for 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 business's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. Equities research analysts expect 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. Investors of record on Friday, May 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.10%. Dover's dividend payout ratio is presently 12.41%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Oppenheimer reissued an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. UBS Group reduced their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays upped their price target on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Six investment 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 an average rating of "Moderate Buy" and a consensus target price of $208.17.
Check Out Our Latest Report on DOV
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.
See Also
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