Sei Investments Co. Has $16.09 Million Stock Holdings in Dover Co. (NYSE:DOV)

Sei Investments Co. grew its stake in Dover Co. (NYSE:DOV) by 19.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 85,778 shares of the industrial products company’s stock after buying an additional 13,840 shares during the period. Sei Investments Co.’s holdings in Dover were worth $16,092,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DOV. Spire Wealth Management boosted its holdings in Dover by 2.1% during the fourth quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after buying an additional 52 shares during the last quarter. ORG Partners LLC raised its position in shares of Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. boosted its stake in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 59 shares during the last quarter. JGP Wealth Management LLC grew its holdings in Dover by 0.8% during the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Dover by 3.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 70 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOV. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada upped 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, January 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.18.

Dover Stock Down 2.5 %

Shares of DOV stock opened at $174.63 on Friday. The firm’s fifty day moving average price is $193.63 and its two-hundred day moving average price is $193.56. Dover Co. has a 1 year low of $168.20 and a 1 year 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. The firm has a market capitalization of $23.94 billion, a P/E ratio of 8.98, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, equities analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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

Dover 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.