Dover Co. (NYSE:DOV) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its holdings in Dover Co. (NYSE:DOV - Free Report) by 1,019.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,518 shares of the industrial products company's stock after buying an additional 96,999 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.08% of Dover worth $19,983,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages have recently commented on DOV. Wells Fargo & Company upped their price target on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Barclays increased their price objective on shares of Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. Finally, Morgan Stanley initiated coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $206.33.

Dover Stock Performance

NYSE DOV traded up $3.93 during trading hours on Friday, hitting $173.74. The company had a trading volume of 1,408,883 shares, compared to its average volume of 971,501. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a market cap of $23.82 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The business has a 50 day moving average of $173.81 and a 200-day moving average of $189.01.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data 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. Dover had a net margin of 32.95% and a return on equity of 21.03%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $1.95 earnings per share. Dover's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 yield of 1.19%. Dover's dividend payout ratio (DPR) is 12.41%.

About Dover

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.