Dover Co. (NYSE:DOV) Position Boosted by Nilsine Partners LLC

Nilsine Partners LLC boosted its position in Dover Co. (NYSE:DOV) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,018 shares of the industrial products company’s stock after buying an additional 391 shares during the quarter. Nilsine Partners LLC’s holdings in Dover were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its stake in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after purchasing an additional 56,149 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after buying an additional 25,993 shares during the last quarter. FMR LLC boosted its holdings in shares of Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after buying an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dover by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after buying an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Dover by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock worth $155,566,000 after acquiring an additional 9,464 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE DOV opened at $197.27 on Thursday. Dover Co. has a 1 year low of $148.45 and a 1 year high of $208.26. The firm has a market cap of $27.06 billion, a P/E ratio of 17.64, a PEG ratio of 2.04 and a beta of 1.23. The stock has a fifty day moving average price of $195.54 and a two-hundred day moving average price of $190.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DOV. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. UBS Group started coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Company 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.