Nissay Asset Management Corp Japan ADV Has $9.87 Million Stock Holdings in Dover Co. (NYSE:DOV)

Nissay Asset Management Corp Japan ADV raised its position in Dover Co. (NYSE:DOV - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,425 shares of the industrial products company's stock after buying an additional 1,564 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Dover were worth $9,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ecofi Investissements SA increased its stake in shares of Dover by 1.1% in the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock valued at $765,000 after buying an additional 50 shares during the period. Spire Wealth Management grew its stake in Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock worth $464,000 after purchasing an additional 52 shares during the period. Trust Point Inc. grew its stake in Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock worth $367,000 after purchasing an additional 59 shares during the period. JGP Wealth Management LLC grew its stake in Dover by 0.8% during the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock worth $1,515,000 after purchasing an additional 62 shares during the period. Finally, Lido Advisors LLC grew its stake in Dover by 1.4% during the fourth quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock worth $923,000 after purchasing an additional 69 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 0.6%

DOV stock opened at $184.45 on Thursday. 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 firm has a market capitalization of $25.29 billion, a PE ratio of 9.48, a P/E/G ratio of 2.06 and a beta of 1.28. The stock's 50 day moving average is $171.58 and its 200-day moving average is $188.26. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31.

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

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, May 30th. Dover's payout ratio is 12.41%.

Analyst Upgrades and Downgrades

DOV has been the subject of several recent analyst reports. Citigroup decreased their target price on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their price target on Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird cut their price target on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $176.00 price target on shares of Dover in a report on Friday, April 25th. Finally, UBS Group cut their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $206.33.

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.

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