Nordea Investment Management AB lifted its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,885 shares of the industrial products company's stock after purchasing an additional 12,709 shares during the quarter. Nordea Investment Management AB owned 0.07% of Dover worth $18,300,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Dover by 29.6% in the fourth quarter. GAMMA Investing LLC now owns 1,567 shares of the industrial products company's stock valued at $294,000 after purchasing an additional 358 shares during the last quarter. Versant Capital Management Inc grew its stake in Dover by 2,650.0% in the 4th quarter. Versant Capital Management Inc now owns 385 shares of the industrial products company's stock valued at $72,000 after buying an additional 371 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company's stock worth $34,100,000 after purchasing an additional 5,372 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dover by 35.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company's stock worth $1,624,000 after buying an additional 2,236 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Dover in the 3rd quarter valued at about $1,823,000. Institutional investors own 84.46% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on DOV. Oppenheimer reaffirmed an "outperform" rating and set a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Mizuho raised their price target on Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. 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. JPMorgan Chase & Co. boosted their target price on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Finally, Citigroup upped their price target on shares of Dover from $226.00 to $236.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Dover presently has an average rating of "Moderate Buy" and a consensus price target of $214.18.
Get Our Latest Analysis on Dover
Dover Trading Down 0.5 %
NYSE DOV traded down $0.99 during trading hours on Thursday, reaching $186.99. The company's stock had a trading volume of 653,156 shares, compared to its average volume of 571,111. The firm has a fifty day simple moving average of $196.88 and a 200-day simple moving average of $188.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. The stock has a market cap of $25.65 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.70 and a beta of 1.23.
Dover Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, November 29th. Dover's dividend payout ratio is presently 18.43%.
About Dover
(
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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