Dover Co. (NYSE:DOV) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Dover Co. (NYSE:DOV - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,235,456 shares of the industrial products company's stock after buying an additional 57,453 shares during the period. Vanguard Group Inc. owned about 11.83% of Dover worth $3,045,772,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in shares of Dover during the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new position in Dover during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC increased its position in Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Dover in the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Price Performance

NYSE:DOV traded down $4.52 during trading hours on Friday, hitting $174.63. 608,913 shares of the stock were exchanged, compared to its average volume of 924,226. The company has a market cap of $23.94 billion, a P/E ratio of 8.98, a P/E/G ratio of 2.06 and a beta of 1.24. The firm's fifty day moving average price is $193.63 and its 200 day moving average price is $193.64. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

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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 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 anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.18%. Dover's dividend payout ratio is presently 10.59%.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Citigroup cut their price target on Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Oppenheimer reissued an "outperform" rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dover from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Five research 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 a consensus rating of "Moderate Buy" and a consensus target price of $218.18.

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.