Boston Partners Lowers Position in Dover Co. (NYSE:DOV)

Boston Partners cut its holdings in Dover Co. (NYSE:DOV) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,375,193 shares of the industrial products company’s stock after selling 383,832 shares during the quarter. Boston Partners’ holdings in Dover were worth $258,022,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Dover during the fourth quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover in the 4th quarter valued at about $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

DOV opened at $180.54 on Wednesday. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $24.78 billion, a PE ratio of 9.28, a P/E/G ratio of 2.06 and a beta of 1.24. The firm has a 50 day moving average of $194.88 and a two-hundred day moving average of $193.62.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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, analysts anticipate 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 issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company 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.