MML Investors Services LLC Raises Stock Holdings in Dover Co. (NYSE:DOV)

MML Investors Services LLC boosted its position in shares of Dover Co. (NYSE:DOV - Free Report) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,013 shares of the industrial products company's stock after buying an additional 6,260 shares during the quarter. MML Investors Services LLC's holdings in Dover were worth $4,317,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DOV. Ecofi Investissements SA grew its stake in Dover by 1.1% during the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares in the last quarter. Spire Wealth Management boosted its holdings 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 acquiring an additional 52 shares during the period. ORG Partners LLC grew its position in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock worth $214,000 after buying an additional 58 shares in the last quarter. Trust Point Inc. boosted its holdings in shares of Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after buying an additional 59 shares during the period. Finally, JGP Wealth Management LLC boosted its position in Dover by 0.8% during 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 period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DOV shares. Citigroup lowered their target price on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird cut their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research note on Friday. Morgan Stanley initiated coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price target on the stock. StockNews.com cut shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Finally, UBS Group decreased their price target on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $206.33.

Dover Stock Down 0.2 %

Dover stock traded down $0.30 during midday trading on Tuesday, hitting $170.03. 1,508,135 shares of the company's stock were exchanged, compared to its average volume of 974,965. The firm has a 50-day moving average of $176.21 and a two-hundred day moving average of $189.56. Dover Co. has a 12 month low of $143.04 and a 12 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 company has a market cap of $23.30 billion, a PE ratio of 8.74, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.95 earnings per share. Dover's revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm 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. This represents a $2.06 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, February 28th. Dover's payout ratio is 12.41%.

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.