Lbp Am Sa Purchases Shares of 9,438 Dover Co. (NYSE:DOV)

Lbp Am Sa purchased a new stake in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,438 shares of the industrial products company’s stock, valued at approximately $1,771,000.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC boosted its holdings in Dover by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after acquiring an additional 25,993 shares during the period. FMR LLC boosted its holdings in Dover by 5.1% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after acquiring an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dover by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock valued at $155,352,000 after acquiring an additional 16,763 shares during the period. 84.46% of the stock is currently owned by institutional investors.

Dover Price Performance

Shares of Dover stock opened at $181.15 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31. The firm’s 50-day moving average price is $195.12 and its two-hundred day moving average price is $193.57.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, equities analysts predict 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DOV. Barclays upped their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Citigroup cut their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus 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.