Catalina Capital Group LLC Has $327,000 Stock Holdings in Dover Co. (NYSE:DOV)

Catalina Capital Group LLC lifted its stake in shares of Dover Co. (NYSE:DOV) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,745 shares of the industrial products company’s stock after purchasing an additional 70 shares during the quarter. Catalina Capital Group LLC’s holdings in Dover were worth $327,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Dover in the 2nd quarter valued at approximately $3,175,000. Czech National Bank raised its position in Dover by 6.9% during the third quarter. Czech National Bank now owns 28,001 shares of the industrial products company’s stock valued at $5,369,000 after purchasing an additional 1,812 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Dover by 15.1% during the third quarter. Handelsbanken Fonder AB now owns 39,522 shares of the industrial products company’s stock worth $7,578,000 after purchasing an additional 5,177 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dover by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,209 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 507 shares in the last quarter. Finally, Davis Investment Partners LLC bought a new position in shares of Dover in the 3rd quarter valued at $205,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.6 %

Shares of DOV stock opened at $202.49 on Tuesday. Dover Co. has a 1-year low of $156.59 and a 1-year high of $214.57. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.07 and a beta of 1.24. The stock has a 50-day moving average of $195.51 and a 200-day moving average of $190.45.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities research analysts forecast that Dover Co. will post 9.42 earnings per share for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.02%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup reduced 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 target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

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.