Fmr LLC Purchases 32,565 Shares of Dover Co. (NYSE:DOV)

Fmr LLC grew its position in shares of Dover Co. (NYSE:DOV) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,118,391 shares of the industrial products company’s stock after purchasing an additional 32,565 shares during the quarter. Fmr LLC’s holdings in Dover were worth $585,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DOV. Spire Wealth Management increased its position in Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 52 shares during the period. ORG Partners LLC increased its holdings in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares during the period. Trust Point Inc. raised its position in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 59 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after buying an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock valued at $450,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $150.58 on Wednesday. The firm has a market capitalization of $20.64 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.06 and a beta of 1.24. The firm’s 50-day moving average price is $188.01 and its 200-day moving average price is $192.27. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities research 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 paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DOV shares. JPMorgan Chase & Co. lowered their price objective on Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a research report on Tuesday. Oppenheimer restated an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Barclays reduced their price objective on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $214.45.

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.