Dover Co. (NYSE:DOV) Shares Acquired by Swedbank AB

Swedbank AB grew its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,474 shares of the industrial products company's stock after purchasing an additional 6,421 shares during the period. Swedbank AB's holdings in Dover were worth $4,029,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Dover during the 3rd quarter valued at about $33,000. R Squared Ltd bought a new position in shares of Dover in the 4th quarter worth $34,000. Kieckhefer Group LLC acquired a new position in Dover in the fourth quarter valued at about $38,000. Avior Wealth Management LLC grew its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 167 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of Dover during the third quarter worth about $50,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

DOV stock traded up $2.01 during midday trading on Wednesday, hitting $204.93. 897,209 shares of the stock traded hands, compared to its average volume of 916,248. The stock's fifty day simple moving average is $195.41 and its 200-day simple moving average is $190.69. Dover Co. has a 1-year low of $158.19 and a 1-year high of $222.31. The firm has a market cap of $28.11 billion, a P/E ratio of 10.54, a PEG ratio of 2.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting 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 9.42 earnings per share for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover's dividend payout ratio is presently 10.59%.

Analysts Set New Price Targets

Several analysts have issued reports on DOV shares. Citigroup dropped their price objective on Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada lifted their price objective on 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 issued a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Barclays upped their target price on shares of Dover from $205.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $218.91.

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.