Rockefeller Capital Management L.P. Purchases 2,499 Shares of Dover Co. (NYSE:DOV)

Rockefeller Capital Management L.P. lifted its position in shares of Dover Co. (NYSE:DOV - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,235 shares of the industrial products company's stock after acquiring an additional 2,499 shares during the period. Rockefeller Capital Management L.P. owned 0.08% of Dover worth $19,741,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management grew its holdings in shares of Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 52 shares in the last quarter. ORG Partners LLC boosted its holdings in Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company's stock valued at $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. grew its holdings in 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 last quarter. JGP Wealth Management LLC raised its stake 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dover by 3.0% in the fourth 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 period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DOV shares. Barclays dropped their price objective on shares of Dover from $205.00 to $180.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer restated an "outperform" rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Citigroup lowered their target price on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $208.17.

Dover Stock Down 0.8 %

DOV stock traded down $1.27 during midday trading on Friday, hitting $160.69. The company's stock had a trading volume of 3,019,094 shares, compared to its average volume of 965,945. The company's fifty day moving average price is $180.65 and its 200 day moving average price is $190.47. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $22.02 billion, a P/E ratio of 8.26, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last released its 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 return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, February 28th. Dover's payout ratio is currently 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.