B. Metzler seel. Sohn & Co. AG Has $2.25 Million Stock Position in Dover Co. (NYSE:DOV)

B. Metzler seel. Sohn & Co. AG lessened its position in shares of Dover Co. (NYSE:DOV) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,988 shares of the industrial products company’s stock after selling 757 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Dover were worth $2,245,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DOV. Financial Life Planners acquired a new position in shares of Dover in the 4th quarter valued at about $28,000. R Squared Ltd acquired a new position in Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover in the 4th quarter valued at $46,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Royal Bank of Canada boosted their target price on 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 increased their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays decreased their price objective on Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. increased their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.18.

Dover Price Performance

DOV opened at $179.23 on Thursday. The firm’s fifty day moving average price is $192.41 and its two-hundred day moving average price is $193.48. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.15%. Dover’s dividend payout ratio is currently 10.59%.

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.