Neuberger Berman Group LLC increased its stake in Dover Co. (NYSE:DOV - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,510 shares of the industrial products company's stock after acquiring an additional 2,680 shares during the period. Neuberger Berman Group LLC's holdings in Dover were worth $12,102,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. Scotia Capital Inc. grew its position in shares of Dover by 14.0% during the fourth quarter. Scotia Capital Inc. now owns 21,131 shares of the industrial products company's stock worth $3,964,000 after acquiring an additional 2,601 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Dover in the 4th quarter valued at approximately $30,741,000. Advisory Services Network LLC boosted its position in shares of Dover by 40.8% in the 4th quarter. Advisory Services Network LLC now owns 2,293 shares of the industrial products company's stock worth $430,000 after buying an additional 665 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Dover by 11.1% during the 4th quarter. Renaissance Technologies LLC now owns 126,500 shares of the industrial products company's stock worth $23,731,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Dover by 701.3% during the 4th quarter. Bank of Nova Scotia now owns 140,918 shares of the industrial products company's stock worth $26,436,000 after purchasing an additional 123,331 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.
Dover Trading Down 0.1 %
DOV stock traded down $0.09 during midday trading on Wednesday, hitting $163.19. 437,660 shares of the company's stock were exchanged, compared to its average volume of 954,501. Dover Co. has a one year low of $143.04 and a one year high of $222.31. 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 company has a market cap of $22.37 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The stock's fifty day moving average price is $183.16 and its 200-day moving average price is $191.09.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly 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%. Research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.
Dover Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend 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 currently 10.59%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on DOV. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. UBS Group dropped 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. Citigroup dropped their price target on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Barclays decreased 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 report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and an average price target of $208.17.
Get Our Latest Research Report on Dover
Dover Profile
(
Free Report)
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.
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