21,148 Shares in Dover Co. (NYSE:DOV) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new stake in shares of Dover Co. (NYSE:DOV - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,148 shares of the industrial products company's stock, valued at approximately $3,967,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Dover in the 4th quarter worth approximately $316,228,000. Amundi raised its position in Dover by 42.3% in the fourth quarter. Amundi now owns 648,525 shares of the industrial products company's stock worth $121,417,000 after acquiring an additional 192,908 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Dover during the 4th quarter worth $30,741,000. Proficio Capital Partners LLC purchased a new position in Dover during the fourth quarter valued at $28,718,000. Finally, National Bank of Canada FI increased its stake in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company's stock worth $36,647,000 after purchasing an additional 144,930 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 5.6 %

DOV stock traded down $9.04 during midday trading on Friday, reaching $153.69. 1,607,557 shares of the company traded hands, compared to its average volume of 929,704. 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. 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 business has a 50 day moving average of $190.78 and a 200-day moving average of $193.07. Dover Co. has a 52-week low of $150.60 and a 52-week high of $222.31.

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Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate 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 fiscal year.

Dover Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DOV shares. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Citigroup cut their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a report on Monday, January 13th. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Wells Fargo & Company upped their target price on shares of Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.18.

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.