Amundi Boosts Position in Dover Co. (NYSE:DOV)

Amundi increased its stake in Dover Co. (NYSE:DOV) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 648,525 shares of the industrial products company’s stock after buying an additional 192,908 shares during the period. Amundi owned 0.47% of Dover worth $121,417,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DOV. Farther Finance Advisors LLC increased its stake in Dover by 39.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 686 shares of the industrial products company’s stock worth $132,000 after buying an additional 195 shares during the period. Principal Financial Group Inc. increased its stake in Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after buying an additional 5,372 shares during the period. CWA Asset Management Group LLC bought a new position in Dover during the 3rd quarter worth about $239,000. Assetmark Inc. grew its holdings in Dover by 5.0% during the 3rd quarter. Assetmark Inc. now owns 51,611 shares of the industrial products company’s stock worth $9,896,000 after acquiring an additional 2,436 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Dover during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DOV. Royal Bank of Canada increased their target price on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Citigroup dropped their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group dropped their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays increased their target price on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Stock Down 4.1 %

NYSE:DOV opened at $177.97 on Tuesday. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The stock has a market capitalization of $24.42 billion, a P/E ratio of 9.15, 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 quick ratio of 1.52 and a current ratio of 2.04. The company’s 50-day simple moving average is $195.68 and its 200-day simple moving average is $193.73.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. On average, equities analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 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.