Pictet Asset Management Holding SA Has $16.30 Million Stock Holdings in Dover Co. (NYSE:DOV)

Pictet Asset Management Holding SA increased its holdings in shares of Dover Co. (NYSE:DOV) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,901 shares of the industrial products company’s stock after acquiring an additional 5,224 shares during the period. Pictet Asset Management Holding SA’s holdings in Dover were worth $16,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOV. Financial Life Planners acquired a new stake in Dover during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its stake in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Dover during the fourth quarter valued at $46,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. 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 report on Thursday, December 12th. Citigroup reduced their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, UBS Group decreased their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.18.

Dover Stock Performance

Shares of NYSE:DOV opened at $176.32 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm’s 50 day simple moving average is $192.80 and its 200 day simple moving average is $193.58. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced its quarterly 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%. As a group, sell-side analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.17%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.