Oxford Asset Management LLP Boosts Stock Position in Dover Co. (NYSE:DOV)

Oxford Asset Management LLP boosted its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 199.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,446 shares of the industrial products company's stock after acquiring an additional 2,296 shares during the period. Oxford Asset Management LLP's holdings in Dover were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DOV. Barclays PLC raised its stake in Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock worth $69,082,000 after buying an additional 75,670 shares in the last quarter. Advisory Resource Group raised its position in shares of Dover by 2.3% in the 3rd quarter. Advisory Resource Group now owns 24,721 shares of the industrial products company's stock worth $4,740,000 after acquiring an additional 557 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Dover by 85.1% during the 3rd quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company's stock worth $2,756,000 after purchasing an additional 6,608 shares during the last quarter. Anchor Investment Management LLC grew its stake in Dover by 4.1% in the third quarter. Anchor Investment Management LLC now owns 3,241 shares of the industrial products company's stock valued at $621,000 after purchasing an additional 128 shares during the last quarter. Finally, World Investment Advisors LLC raised its holdings in Dover by 4.2% in the third quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company's stock worth $626,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Performance

DOV traded down $0.30 during midday trading on Tuesday, hitting $170.03. 1,508,135 shares of the company were exchanged, compared to its average volume of 974,987. The firm has a market capitalization of $23.30 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company's 50 day simple moving average is $175.48 and its 200 day simple moving average is $189.43. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating 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 company had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $1.95 earnings per share. Dover's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.21%. Dover's dividend payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DOV shares. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird dropped their target price on Dover from $238.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday. Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.33.

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.