Allianz SE Makes New $1.73 Million Investment in Dover Co. (NYSE:DOV)

Allianz SE bought 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 firm bought 9,265 shares of the industrial products company's stock, valued at approximately $1,726,000.

A number of other large investors have also recently made changes to their positions in DOV. Financial Life Planners purchased a new position in Dover during the 4th quarter worth $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the 4th quarter worth about $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DOV shares. Barclays lowered their price target on shares of Dover from $213.00 to $205.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada raised their price objective on Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $218.18.

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Dover Stock Performance

DOV stock traded up $1.17 during trading on Monday, reaching $175.82. The company had a trading volume of 1,332,181 shares, compared to its average volume of 925,852. The company has a market cap of $24.10 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $168.20 and a twelve month 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 firm has a 50-day simple moving average of $193.24 and a 200-day simple moving average of $193.64.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. As a group, sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio is presently 10.59%.

Dover Company 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.