Dover Co. (NYSE:DOV) Stock Holdings Lifted by Foster & Motley Inc.

Foster & Motley Inc. increased its position in Dover Co. (NYSE:DOV) by 6.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,583 shares of the industrial products company’s stock after acquiring an additional 149 shares during the period. Foster & Motley Inc.’s holdings in Dover were worth $485,000 at the end of the most recent quarter.

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

Dover Trading Down 1.0 %

NYSE:DOV opened at $203.42 on Friday. Dover Co. has a 12 month low of $148.45 and a 12 month high of $214.57. The company’s 50 day moving average is $195.57 and its 200-day moving average is $190.34. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 1.23.

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

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DOV shares. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday. Barclays increased their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Finally, Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.91.

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.