Wolverine Asset Management LLC Buys 5,500 Shares of Dover Co. (NYSE:DOV)

Wolverine Asset Management LLC lifted its stake in Dover Co. (NYSE:DOV) by 78.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,500 shares of the industrial products company’s stock after acquiring an additional 5,500 shares during the period. Wolverine Asset Management LLC’s holdings in Dover were worth $2,345,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Versor Investments LP bought a new position in shares of Dover in the 3rd quarter valued at approximately $1,920,000. Assenagon Asset Management S.A. grew its holdings in Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after buying an additional 60,235 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after buying an additional 5,372 shares during the last quarter. Empowered Funds LLC grew its holdings in Dover by 54.3% in the 3rd 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. Finally, TrueWealth Advisors LLC acquired a new stake in Dover in the 4th quarter valued at approximately $475,000. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $200.43 on Friday. The stock’s fifty day simple moving average is $195.51 and its 200 day simple moving average is $192.47. 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 has a market cap of $27.51 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 2.04 and a beta of 1.24. Dover Co. has a one year low of $161.19 and a one year high of $222.31.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio is 10.59%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Barclays raised their target price on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover 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.