Mariner LLC Has $4.62 Million Stake in Dover Co. (NYSE:DOV)

Mariner LLC raised its position in shares of Dover Co. (NYSE:DOV - Free Report) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,648 shares of the industrial products company's stock after buying an additional 3,228 shares during the quarter. Mariner LLC's holdings in Dover were worth $4,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DOV. Financial Life Planners purchased a new stake in shares of Dover in the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Dover in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after buying an additional 87 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Dover during the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover during the fourth quarter valued at $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DOV shares. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Citigroup cut their target price on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays lowered their price target on shares of Dover from $205.00 to $180.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective on Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company boosted their target price on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Six 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.17.

Dover Stock Performance

DOV traded up $2.75 on Wednesday, hitting $166.31. The company had a trading volume of 2,069,959 shares, compared to its average volume of 972,036. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The company's fifty day moving average price is $179.01 and its 200 day moving average price is $190.07. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. Equities analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.24%. Dover's dividend payout ratio is presently 10.59%.

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.