Generali Asset Management SPA SGR Invests $1.25 Million in Dover Co. (NYSE:DOV)

Generali Asset Management SPA SGR bought a new position in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,675 shares of the industrial products company’s stock, valued at approximately $1,252,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOV. Financial Life Planners bought a new stake in shares of Dover during the fourth quarter worth $28,000. R Squared Ltd bought a new stake in shares of Dover during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC raised its position in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover during the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOV. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada lifted their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 0.5 %

NYSE:DOV opened at $181.38 on Friday. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.06 and a beta of 1.24. The stock has a 50-day moving average price of $194.67 and a two-hundred day moving average price of $193.45. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. 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 (NYSE:DOV) last issued its quarterly earnings results 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%. As a group, equities analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. Dover’s dividend payout ratio (DPR) is 10.59%.

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.