Dover Co. (NYSE:DOV) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,311 shares of the industrial products company's stock after buying an additional 5,469 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Dover worth $28,949,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of Dover during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of Dover during the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC grew its holdings in 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 acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the fourth quarter worth approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

NYSE DOV traded up $1.52 on Monday, reaching $163.63. 1,254,716 shares of the company's stock traded hands, compared to its average volume of 956,171. The stock has a 50 day moving average price of $184.81 and a 200-day moving average price of $191.48. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

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Dover (NYSE:DOV - Get Free Report) last issued its 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 return on equity of 21.03% and a net margin of 32.95%. Equities research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 28th. Dover's dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DOV. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Citigroup cut their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday. Barclays lowered their target price on shares of Dover from $205.00 to $180.00 and set an "equal weight" rating for the company in a research note on Thursday. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and a consensus price target of $208.17.

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.