UniSuper Management Pty Ltd Has $2.69 Million Position in Dover Co. (NYSE:DOV)

UniSuper Management Pty Ltd grew its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,343 shares of the industrial products company's stock after purchasing an additional 2,451 shares during the period. UniSuper Management Pty Ltd's holdings in Dover were worth $2,691,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Spire Wealth Management lifted its stake in Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock worth $464,000 after purchasing an additional 52 shares in the last quarter. ORG Partners LLC raised its holdings in shares of Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock valued at $214,000 after purchasing an additional 58 shares in the last quarter. Trust Point Inc. boosted its holdings in Dover by 3.1% in the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 59 shares in the last quarter. JGP Wealth Management LLC lifted its holdings in shares of Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock valued at $1,515,000 after purchasing an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company's stock valued at $450,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

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Dover Stock Performance

DOV traded up $1.17 during trading on Monday, hitting $175.82. The stock had a trading volume of 1,332,181 shares, compared to its average volume of 925,852. The firm has a market cap of $24.10 billion, a PE ratio of 9.04, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a 50 day simple moving average of $193.24 and a 200-day simple moving average of $193.64. 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 announced its quarterly earnings data 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%. Analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover's dividend payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DOV shares. JPMorgan Chase & Co. increased their price objective on Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Barclays reduced their price objective on Dover from $213.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, StockNews.com lowered Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and a consensus target price of $218.18.

Dover 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.