Andra AP fonden grew its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 1,018.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,900 shares of the industrial products company's stock after buying an additional 16,300 shares during the period. Andra AP fonden's holdings in Dover were worth $3,358,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Financial Life Planners purchased a new position in Dover during the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in Dover in the 3rd quarter worth $33,000. R Squared Ltd purchased a new stake in Dover in the 4th quarter worth $34,000. Kieckhefer Group LLC bought a new stake in Dover during the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover in the fourth quarter worth about $46,000. 84.46% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on DOV. Barclays lifted their target price on Dover from $205.00 to $213.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and a consensus target price of $218.91.
Read Our Latest Research Report on Dover
Dover Trading Up 0.6 %
NYSE:DOV traded up $1.06 during midday trading on Wednesday, hitting $181.83. 1,282,591 shares of the company traded hands, compared to its average volume of 944,452. The firm has a market capitalization of $24.95 billion, a P/E ratio of 9.35, a P/E/G ratio of 2.06 and a beta of 1.24. The firm's fifty day moving average is $195.55 and its 200-day moving average is $193.71. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.
Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, sell-side analysts predict that Dover Co. will post 9.45 EPS for the current year.
Dover Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 28th. Dover's payout ratio is currently 10.59%.
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.
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