Vanguard Group Inc. Has $3.05 Billion Position in Dover Co. (NYSE:DOV)

Vanguard Group Inc. lifted its position in shares of Dover Co. (NYSE:DOV) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 16,235,456 shares of the industrial products company’s stock after buying an additional 57,453 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Dover worth $3,045,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new position in Dover in the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Dover during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 87 shares during the period. Kieckhefer Group LLC bought a new stake in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $185.89 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $194.51 and its two-hundred day moving average price is $193.77. The company has a market cap 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 twelve month low of $168.20 and a twelve month high of $222.31.

Dover (NYSE:DOV) last posted 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 return on equity of 21.03% and a net margin of 32.95%. On average, analysts predict that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.515 per share. 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 is presently 10.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. UBS Group dropped their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Citigroup dropped their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

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.