Sterling Capital Management LLC Has $1.57 Million Stock Holdings in Dover Co. (NYSE:DOV)

Sterling Capital Management LLC raised its position in Dover Co. (NYSE:DOV - Free Report) by 53.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,348 shares of the industrial products company's stock after acquiring an additional 2,916 shares during the quarter. Sterling Capital Management LLC's holdings in Dover were worth $1,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Dover in the 4th quarter valued at about $316,228,000. Amundi lifted its position in shares of Dover by 42.3% in the fourth quarter. Amundi now owns 648,525 shares of the industrial products company's stock valued at $121,417,000 after buying an additional 192,908 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Dover during the 4th quarter worth approximately $30,741,000. Proficio Capital Partners LLC bought a new stake in Dover in the 4th quarter valued at $28,718,000. Finally, Bank of Nova Scotia lifted its holdings in Dover by 701.3% during the 4th quarter. Bank of Nova Scotia now owns 140,918 shares of the industrial products company's stock valued at $26,436,000 after purchasing an additional 123,331 shares during the last quarter. Institutional investors own 84.46% of the company's stock.

Dover Price Performance

DOV stock traded down $1.27 during mid-day trading on Friday, hitting $160.69. The stock had a trading volume of 3,019,094 shares, compared to its average volume of 964,776. The firm has a fifty day simple moving average of $180.65 and a 200 day simple moving average of $190.47. The firm has a market capitalization of $22.02 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.06 and a beta of 1.24. 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 52 week low of $143.04 and a 52 week high of $222.31.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, research analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

DOV has been the topic of several research analyst reports. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Royal Bank of Canada raised their price objective on shares of Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Morgan Stanley initiated coverage on Dover in a research note on Monday, April 14th. They set an "equal weight" rating and a $185.00 target price on the stock. Finally, Citigroup decreased their price objective on Dover from $244.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $208.17.

Dover Profile

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.