Lbp Am Sa Takes Position in Dover Co. (NYSE:DOV)

Lbp Am Sa purchased a new stake in shares of Dover Co. (NYSE:DOV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,438 shares of the industrial products company’s stock, valued at approximately $1,771,000.

Several other hedge funds have also modified their holdings of the stock. Amundi boosted its stake in Dover by 42.3% in the fourth quarter. Amundi now owns 648,525 shares of the industrial products company’s stock valued at $121,417,000 after acquiring an additional 192,908 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Dover in the fourth quarter worth $30,741,000. Proficio Capital Partners LLC acquired a new stake in Dover in the fourth quarter worth $28,718,000. FMR LLC raised its holdings in 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 purchasing an additional 149,378 shares during the period. Finally, National Bank of Canada FI raised its holdings in 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 worth $36,647,000 after purchasing an additional 144,930 shares during the period. 84.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in 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. Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Barclays lifted 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. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, Citigroup reduced their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average target price of $218.91.

Dover Price Performance

Shares of Dover stock opened at $181.15 on Friday. The company has a 50-day simple moving average of $195.12 and a two-hundred day simple moving average of $193.57. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, February 28th. Dover’s payout ratio 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.