Vanguard Group Inc. Purchases 57,453 Shares of Dover Co. (NYSE:DOV)

Vanguard Group Inc. grew its holdings in Dover Co. (NYSE:DOV) by 0.4% in the 4th quarter, according to 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 acquiring an additional 57,453 shares during the quarter. Vanguard Group Inc. owned 11.83% of Dover worth $3,045,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Prospera Financial Services Inc acquired a new position in Dover in the 3rd quarter valued at approximately $263,000. Cerity Partners LLC lifted its position in Dover by 5.0% in the third quarter. Cerity Partners LLC now owns 54,187 shares of the industrial products company’s stock worth $10,390,000 after purchasing an additional 2,592 shares during the period. Swedbank AB boosted its stake in Dover by 76.6% during the third quarter. Swedbank AB now owns 15,053 shares of the industrial products company’s stock worth $2,886,000 after buying an additional 6,529 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Dover by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,145 shares of the industrial products company’s stock valued at $4,246,000 after buying an additional 1,463 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Dover during the 3rd quarter worth about $293,000. Institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DOV shares. The Goldman Sachs Group increased their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted 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, January 31st. UBS Group cut their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Finally, Royal Bank of Canada upped their price objective 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Trading Up 0.2 %

Shares of DOV opened at $185.89 on Wednesday. The stock’s fifty day simple moving average is $194.51 and its 200-day simple moving average is $193.77. The firm has a market capitalization of $25.51 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) 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, research analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

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.