Dover Co. (NYSE:DOV) Shares Bought by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 4.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,745 shares of the industrial products company’s stock after acquiring an additional 70 shares during the quarter. Catalina Capital Group LLC’s holdings in Dover were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DOV. FMR LLC lifted its position in shares of Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted its holdings in Dover by 313.7% in the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after buying an additional 144,930 shares in the last quarter. Barclays PLC boosted its position in Dover by 26.6% in the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after buying an additional 75,670 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Dover during the third quarter valued at about $14,459,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after acquiring an additional 60,235 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $202.49 on Tuesday. 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 firm’s 50-day moving average price is $195.51 and its two-hundred day moving average price is $190.45. Dover Co. has a 52-week low of $156.59 and a 52-week high of $214.57. The stock has a market capitalization of $27.78 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.07 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 (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%. As a group, sell-side analysts forecast that Dover Co. will post 9.42 earnings per share for the current year.

Dover Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.02%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Ratings Changes

A number of brokerages have weighed in on DOV. Mizuho raised their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Citigroup dropped their price target 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. Wells Fargo & Company increased their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Finally, StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Five investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $218.91.

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.