Qube Research & Technologies Ltd Acquires New Position in Dover Co. (NYSE:DOV)

Qube Research & Technologies Ltd acquired a new stake in shares of Dover Co. (NYSE:DOVGet Rating) during the first quarter, HoldingsChannel reports. The fund acquired 92,176 shares of the industrial products company’s stock, valued at approximately $14,462,000.

A number of other large investors also recently modified their holdings of DOV. Life Planning Partners Inc purchased a new position in shares of Dover during the 4th quarter valued at about $41,000. FinTrust Capital Advisors LLC purchased a new position in Dover in the 1st quarter worth approximately $44,000. Fairfield Bush & CO. purchased a new position in Dover in the 1st quarter worth approximately $48,000. Hazlett Burt & Watson Inc. purchased a new position in Dover in the 1st quarter worth approximately $53,000. Finally, Jones Financial Companies Lllp increased its stake in Dover by 41.1% in the 1st quarter. Jones Financial Companies Lllp now owns 347 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 101 shares during the period. 84.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DOV shares. Deutsche Bank Aktiengesellschaft decreased their price target on Dover from $135.00 to $132.00 in a research note on Friday, July 22nd. The Goldman Sachs Group decreased their price target on Dover from $176.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Mizuho reduced their target price on Dover from $175.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, July 18th. Wells Fargo & Company boosted their target price on Dover to $135.00 in a research note on Friday, July 22nd. Finally, Robert W. Baird reduced their target price on Dover from $194.00 to $169.00 in a research note on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.17.

Dover Trading Up 1.2 %

Dover stock opened at $134.03 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67. The business’s fifty day simple moving average is $126.04 and its two-hundred day simple moving average is $142.80. Dover Co. has a 12 month low of $116.66 and a 12 month high of $184.04. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39.

Dover (NYSE:DOVGet Rating) last released its earnings results on Thursday, July 21st. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Dover had a return on equity of 26.94% and a net margin of 13.90%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the previous year, the company posted $2.06 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that Dover Co. will post 8.5 earnings per share for the current fiscal year.

Dover Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a yield of 1.51%. This is a boost from Dover’s previous quarterly dividend of $0.50. Dover’s dividend payout ratio is 25.45%.

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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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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