Ieq Capital LLC Raises Stock Position in Dover Co. (NYSE:DOV)

Ieq Capital LLC grew its holdings in Dover Co. (NYSE:DOVFree Report) by 12.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,966 shares of the industrial products company’s stock after buying an additional 1,112 shares during the period. Ieq Capital LLC’s holdings in Dover were worth $1,870,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the period. National Bank of Canada FI boosted its stake in shares of Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after acquiring an additional 144,930 shares in the last quarter. Barclays PLC grew its holdings in Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares during the period. International Assets Investment Management LLC acquired a new stake in Dover in the 3rd quarter valued at $14,459,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after purchasing an additional 60,235 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DOV shares. Royal Bank of Canada boosted their target price 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. JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research note on Monday, October 28th. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Get Our Latest Report on DOV

Dover Trading Down 2.9 %

Shares of DOV stock opened at $200.43 on Monday. Dover Co. has a twelve month low of $161.19 and a twelve month high of $222.31. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.06 and a beta of 1.24. The company’s 50-day moving average price is $195.51 and its 200-day moving average price is $192.74. 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 (NYSE:DOVGet Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.515 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.03%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Dover 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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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