AEGON ASSET MANAGEMENT UK Plc Has $21.83 Million Stock Position in Dover Co. (NYSE:DOV)

AEGON ASSET MANAGEMENT UK Plc cut its stake in Dover Co. (NYSE:DOV) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,249 shares of the industrial products company’s stock after selling 4,415 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.08% of Dover worth $21,826,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Independent Advisor Alliance raised its holdings in Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after acquiring an additional 58 shares in the last quarter. ORG Partners LLC lifted its position in Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares during the period. Main Street Financial Solutions LLC boosted its stake in Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares in the last quarter. JGP Wealth Management LLC increased its holdings in Dover by 0.8% in the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after buying an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock valued at $450,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

DOV opened at $198.81 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The stock has a market capitalization of $27.27 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. The company’s 50 day simple moving average is $195.67 and its 200-day simple moving average is $189.69. Dover Co. has a one year low of $148.45 and a one year high of $208.26.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Wall Street Analyst Weigh In

DOV has been the topic of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Barclays boosted their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

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.