Dover Co. (NYSE:DOV) Shares Bought by KBC Group NV

KBC Group NV raised its holdings in shares of Dover Co. (NYSE:DOV) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,846 shares of the industrial products company’s stock after buying an additional 622 shares during the quarter. KBC Group NV’s holdings in Dover were worth $5,787,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. FMR LLC grew its holdings in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after buying an additional 149,378 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after purchasing an additional 144,930 shares during the period. Barclays PLC increased its position in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after purchasing an additional 75,670 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Dover during the third quarter worth about $14,459,000. Finally, SG Americas Securities LLC boosted its holdings in Dover by 167.7% in the 3rd quarter. SG Americas Securities LLC now owns 101,591 shares of the industrial products company’s stock valued at $19,479,000 after purchasing an additional 63,638 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays upped their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company reduced their price target on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.55.

Dover Stock Up 4.0 %

Dover stock opened at $205.27 on Friday. The firm has a market capitalization of $28.16 billion, a P/E ratio of 18.36, a P/E/G ratio of 2.04 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. Dover Co. has a twelve month low of $148.45 and a twelve month high of $214.57. The stock’s fifty day simple moving average is $195.60 and its 200-day simple moving average is $190.22.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. As a group, equities analysts expect that Dover Co. will post 8.17 earnings per share for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is presently 18.43%.

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.