Ieq Capital LLC Acquires 1,112 Shares of Dover Co. (NYSE:DOV)

Ieq Capital LLC boosted its position in Dover Co. (NYSE:DOV) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,966 shares of the industrial products company’s stock after buying an additional 1,112 shares during the quarter. Ieq Capital LLC’s holdings in Dover were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC grew its position in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares in the last quarter. National Bank of Canada FI increased its position in shares of 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 last quarter. Barclays PLC raised its stake in Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Dover during the third quarter valued at approximately $14,459,000. Finally, Assenagon Asset Management S.A. grew its stake in Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after buying an additional 60,235 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

NYSE DOV opened at $200.43 on Monday. The stock has a market capitalization of $27.50 billion, a PE ratio of 10.30, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $161.19 and a 1-year high of $222.31. The business has a 50 day simple moving average of $195.51 and a two-hundred day simple moving average of $192.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DOV. Wells Fargo & Company upped their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. 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, Barclays boosted their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.91.

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.