HM Payson & Co. Has $17.77 Million Stock Position in Dover Co. (NYSE:DOV)

HM Payson & Co. lifted its stake in Dover Co. (NYSE:DOV - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,717 shares of the industrial products company's stock after buying an additional 2,893 shares during the period. HM Payson & Co. owned approximately 0.07% of Dover worth $17,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company's stock worth $1,191,531,000 after purchasing an additional 56,149 shares in the last quarter. Geode Capital Management LLC grew its stake in Dover by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company's stock worth $616,945,000 after buying an additional 25,993 shares in the last quarter. FMR LLC raised its position in shares of Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock valued at $591,676,000 after buying an additional 149,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dover by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company's stock worth $188,815,000 after acquiring an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dover by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company's stock worth $155,352,000 after acquiring an additional 16,763 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

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Analyst Upgrades and Downgrades

DOV has been the topic of several research analyst reports. 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 note on Friday, January 31st. Barclays raised their price target on shares of Dover from $205.00 to $213.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price objective 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. Citigroup cut their target price on shares of Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average price target of $218.91.

Dover Trading Down 0.3 %

Shares of DOV stock traded down $0.56 on Friday, hitting $185.46. The company had a trading volume of 1,657,354 shares, compared to its average volume of 884,566. Dover Co. has a twelve month low of $168.20 and a twelve month 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 firm has a market cap of $25.45 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.24. The stock's 50-day moving average is $195.85 and its two-hundred day moving average is $193.76.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts anticipate 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover's dividend payout ratio (DPR) is presently 10.59%.

About Dover

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.