Dover Co. (NYSE:DOV) Shares Acquired by CX Institutional

CX Institutional boosted its stake in Dover Co. (NYSE:DOV) by 16.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,943 shares of the industrial products company’s stock after acquiring an additional 831 shares during the period. CX Institutional’s holdings in Dover were worth $1,115,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DOV. Versor Investments LP purchased a new stake in shares of Dover in the third quarter valued at $1,920,000. Brendel Financial Advisors LLC raised its stake in Dover by 347.7% in the 3rd quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after purchasing an additional 17,685 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Dover by 195.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after purchasing an additional 60,235 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after buying an additional 5,372 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after buying an additional 4,629 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of analyst reports. Barclays raised their target price on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Trading Down 0.2 %

Shares of DOV stock opened at $198.81 on Friday. Dover Co. has a fifty-two week low of $148.45 and a fifty-two week high of $208.26. The firm’s 50 day moving average price is $195.67 and its two-hundred day moving average price is $189.69. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover Announces Dividend

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

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.