Orion Portfolio Solutions LLC Raises Stock Position in Dover Co. (NYSE:DOV)

Orion Portfolio Solutions LLC raised its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 25.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,731 shares of the industrial products company's stock after acquiring an additional 2,753 shares during the period. Orion Portfolio Solutions LLC's holdings in Dover were worth $2,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its position in Dover by 6.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 86,901 shares of the industrial products company's stock valued at $16,303,000 after buying an additional 5,224 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Dover by 4.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 253,376 shares of the industrial products company's stock worth $47,533,000 after buying an additional 11,592 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $107,000. Norges Bank bought a new stake in Dover in the fourth quarter valued at $316,228,000. Finally, NEOS Investment Management LLC boosted its stake in shares of Dover by 26.4% during the 4th quarter. NEOS Investment Management LLC now owns 5,939 shares of the industrial products company's stock valued at $1,114,000 after purchasing an additional 1,239 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Stock Performance

Shares of Dover stock traded down $9.04 during trading hours on Friday, reaching $153.69. 1,607,557 shares of the stock traded hands, compared to its average volume of 929,704. The company has a 50 day moving average price of $190.78 and a 200 day moving average price of $193.12. Dover Co. has a one year low of $150.60 and a one year high of $222.31. 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 $21.06 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.34%. Dover's dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DOV. Royal Bank of Canada lifted their price target on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Citigroup reduced their target price on Dover from $236.00 to $222.00 and set a "buy" rating for the company in a report on Monday, January 13th. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, UBS Group decreased their target price on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Dover presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.18.

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.