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

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

A number of other hedge funds also recently made changes to their positions in the stock. Financial Life Planners purchased a new stake in Dover during the fourth quarter valued at about $28,000. R Squared Ltd purchased a new stake in shares of Dover during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Dover in the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Ratings Changes

DOV has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average target price of $218.18.

Dover Stock Up 2.9 %

DOV stock traded up $4.39 during midday trading on Tuesday, hitting $155.86. 387,492 shares of the company's stock were exchanged, compared to its average volume of 933,644. The firm has a 50 day moving average price of $189.89 and a 200-day moving average price of $192.84. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. 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 issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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, analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.32%. Dover's dividend payout ratio (DPR) is 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.