Crews Bank & Trust Takes Position in Dover Co. (NYSE:DOV)

Crews Bank & Trust purchased a new stake in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,672 shares of the industrial products company’s stock, valued at approximately $1,064,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after purchasing an additional 144,930 shares in the last quarter. Barclays PLC boosted its position in shares of Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after buying an additional 75,670 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Dover during the third quarter valued at $14,459,000. Finally, SG Americas Securities LLC lifted its stake in Dover by 167.7% in the 3rd quarter. SG Americas Securities LLC now owns 101,591 shares of the industrial products company’s stock worth $19,479,000 after acquiring an additional 63,638 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

DOV opened at $207.79 on Thursday. The stock has a market cap of $28.51 billion, a PE ratio of 18.59, a P/E/G ratio of 2.04 and a beta of 1.23. Dover Co. has a 1 year low of $148.45 and a 1 year high of $208.26. The stock’s 50 day simple moving average is $195.54 and its 200-day simple moving average is $190.11. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Dover (NYSE:DOV) last released its quarterly earnings data 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 23.61% and a net margin of 18.63%. Sell-side analysts forecast that Dover Co. will post 8.17 EPS for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DOV shares. The Goldman Sachs Group lifted their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Citigroup reduced their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Finally, Mizuho raised their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average target price of $212.55.

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.