Rathbones Group PLC grew its holdings in Dover Co. (NYSE:DOV – Get Rating) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,949 shares of the industrial products company’s stock after purchasing an additional 272 shares during the period. Rathbones Group PLC’s holdings in Dover were worth $3,623,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Selective Wealth Management Inc. purchased a new stake in shares of Dover in the 4th quarter valued at $27,000. CVA Family Office LLC purchased a new stake in shares of Dover in the 4th quarter valued at $35,000. Allworth Financial LP raised its holdings in shares of Dover by 45.2% in the 4th quarter. Allworth Financial LP now owns 196 shares of the industrial products company’s stock valued at $36,000 after buying an additional 61 shares during the period. Glassman Wealth Services raised its holdings in shares of Dover by 361.4% in the 3rd quarter. Glassman Wealth Services now owns 263 shares of the industrial products company’s stock valued at $41,000 after buying an additional 206 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Dover in the 3rd quarter valued at $42,000. 84.14% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on DOV shares. Deutsche Bank Aktiengesellschaft cut their price objective on Dover from $187.00 to $182.00 and set a “hold” rating on the stock in a report on Thursday, April 14th. Wells Fargo & Company cut their price target on Dover from $161.00 to $159.00 and set an “equal weight” rating on the stock in a report on Friday, April 22nd. Robert W. Baird cut their price target on Dover from $194.00 to $169.00 in a report on Thursday, April 21st. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a report on Wednesday, March 16th. Finally, Morgan Stanley cut their price target on Dover from $177.00 to $161.00 and set an “equal weight” rating on the stock in a report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $175.08.
NYSE:DOV opened at $132.10 on Tuesday. The stock has a 50-day simple moving average of $149.78 and a 200-day simple moving average of $163.39. The stock has a market cap of $19.04 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.11 and a beta of 1.42. Dover Co. has a 1 year low of $130.53 and a 1 year high of $184.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.44.
Dover (NYSE:DOV – Get Rating) last announced its earnings results on Thursday, April 21st. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a return on equity of 27.82% and a net margin of 13.81%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. On average, equities research analysts predict that Dover Co. will post 8.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. Dover’s dividend payout ratio (DPR) is presently 26.04%.
About Dover (Get Rating)
Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.
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