UniSuper Management Pty Ltd Has $1.27 Million Stock Holdings in Dover Co. (NYSE:DOV)

UniSuper Management Pty Ltd boosted its holdings in shares of Dover Co. (NYSE:DOV) by 389.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,156 shares of the industrial products company’s stock after acquiring an additional 5,693 shares during the period. UniSuper Management Pty Ltd’s holdings in Dover were worth $1,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. BSW Wealth Partners grew its holdings in Dover by 1.2% during the 1st quarter. BSW Wealth Partners now owns 4,930 shares of the industrial products company’s stock worth $874,000 after acquiring an additional 59 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Dover by 2.6% in the 1st quarter. Summit Trail Advisors LLC now owns 2,333 shares of the industrial products company’s stock valued at $413,000 after buying an additional 60 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Dover by 5.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the industrial products company’s stock valued at $215,000 after buying an additional 62 shares during the period. Legacy Financial Advisors Inc. grew its holdings in shares of Dover by 1.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company’s stock valued at $577,000 after buying an additional 63 shares during the period. Finally, CWM LLC grew its holdings in shares of Dover by 2.7% in the 1st quarter. CWM LLC now owns 2,456 shares of the industrial products company’s stock valued at $435,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.4 %

NYSE:DOV traded down $0.78 on Tuesday, hitting $180.37. 1,081,440 shares of the company’s stock were exchanged, compared to its average volume of 1,002,007. The firm has a 50-day moving average price of $181.60 and a 200-day moving average price of $172.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89. Dover Co. has a 52 week low of $127.25 and a 52 week high of $192.31. The company has a market cap of $24.79 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 annualized dividend and a yield of 1.13%. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DOV shares. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Barclays boosted their price target on shares of Dover from $180.00 to $186.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Citigroup boosted their price objective on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $208.00 price objective on shares of Dover in a research report on Monday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.75.

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.