Geode Capital Management LLC lifted its stake in Dover Co. (NYSE:DOV - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,303,257 shares of the industrial products company's stock after purchasing an additional 74,541 shares during the quarter. Geode Capital Management LLC owned 2.41% of Dover worth $618,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in DOV. Financial Life Planners purchased a new stake in shares of Dover during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 87 shares during the period. Kieckhefer Group LLC bought a new position in Dover in the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new position in Dover during the fourth quarter valued at $46,000. Institutional investors own 84.46% of the company's stock.
Dover Stock Performance
Shares of NYSE:DOV traded down $9.04 during trading on Friday, hitting $153.69. The stock had a trading volume of 1,607,557 shares, compared to its average volume of 929,704. Dover Co. has a 12-month low of $150.60 and a 12-month high of $222.31. The stock has a 50-day simple moving average of $190.78 and a two-hundred day simple moving average of $193.12. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.
Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, equities research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.
Dover Dividend Announcement
The company 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, February 28th. Dover's payout ratio is currently 10.59%.
Analyst Ratings Changes
Several research firms have weighed in on DOV. JPMorgan Chase & Co. raised their price target on Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Barclays lowered their target price on Dover from $213.00 to $205.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Royal Bank of Canada raised their price target on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.18.
Get Our Latest Stock Report on DOV
Dover Company Profile
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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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