Resona Asset Management Co. Ltd. purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 50,865 shares of the industrial products company's stock, valued at approximately $9,553,000.
A number of other hedge funds have also bought and sold shares of DOV. Spire Wealth Management grew its position in shares of 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 in the last quarter. ORG Partners LLC boosted its holdings in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock worth $214,000 after purchasing an additional 58 shares during the period. Trust Point Inc. raised its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock worth $367,000 after purchasing an additional 59 shares during the period. JGP Wealth Management LLC lifted its position in shares of Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company's stock worth $1,515,000 after buying an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Dover by 3.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company's stock valued at $450,000 after buying an additional 70 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.
Dover Trading Up 0.1 %
Shares of Dover stock traded up $0.23 on Friday, reaching $159.79. 414,261 shares of the company were exchanged, compared to its average volume of 947,922. 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 fifty-two week low of $143.04 and a fifty-two week high of $222.31. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The stock has a fifty day moving average price of $185.63 and a 200-day moving average price of $191.69.
Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting analysts' consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, analysts expect that Dover Co. will post 9.45 EPS for the current year.
Dover Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio (DPR) is currently 10.59%.
Wall Street Analyst Weigh In
DOV has been the subject of several analyst reports. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Citigroup decreased their target price on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Oppenheimer restated an "outperform" rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. UBS Group decreased their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Barclays decreased their price target on Dover from $205.00 to $180.00 and set an "equal weight" rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $212.18.
View Our Latest Report on DOV
Dover Company Profile
(
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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