Andra AP fonden Raises Position in Dover Co. (NYSE:DOV)

Andra AP fonden increased its position in shares of Dover Co. (NYSE:DOV) by 1,018.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,900 shares of the industrial products company’s stock after purchasing an additional 16,300 shares during the period. Andra AP fonden’s holdings in Dover were worth $3,358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DOV. Raymond James Financial Inc. purchased a new position in shares of Dover during the 4th quarter worth approximately $30,741,000. Proficio Capital Partners LLC acquired a new position in Dover during the fourth quarter worth $28,718,000. FMR LLC raised its position 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 acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted 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 valued at $36,647,000 after acquiring an additional 144,930 shares during the period. Finally, Barclays PLC boosted its position in shares of Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after purchasing an additional 75,670 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. The Goldman Sachs Group upped their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company lifted 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. Finally, JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Down 0.3 %

Dover stock opened at $185.46 on Friday. The stock has a 50-day moving average price of $195.85 and a 200 day moving average price of $193.68. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The stock has a market cap of $25.45 billion, a PE ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. Equities research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

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.