Dover Co. (NYSE:DOV) Stock Position Lifted by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its holdings in Dover Co. (NYSE:DOV) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,057 shares of the industrial products company’s stock after purchasing an additional 119 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dover were worth $552,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. lifted its holdings in shares of Dover by 7.2% during the fourth quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock valued at $3,910,000 after purchasing an additional 1,718 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Dover by 27.4% during the first quarter. BNP Paribas Financial Markets now owns 166,211 shares of the industrial products company’s stock valued at $29,451,000 after purchasing an additional 35,750 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Dover by 14.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,659 shares of the industrial products company’s stock valued at $35,909,000 after purchasing an additional 25,562 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Dover by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock valued at $34,820,000 after purchasing an additional 19,156 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Dover during the fourth quarter valued at $175,275,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.1 %

DOV stock traded down $0.23 during mid-day trading on Wednesday, hitting $176.42. The stock had a trading volume of 238,737 shares, compared to its average volume of 997,723. The company has a current ratio of 1.53, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.13 and a beta of 1.22. The company has a fifty day moving average of $180.10 and a 200 day moving average of $175.39. Dover Co. has a 1-year low of $127.25 and a 1-year high of $192.31.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.15. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. Dover had a return on equity of 24.94% and a net margin of 17.58%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 EPS. On average, equities analysts expect that Dover Co. will post 9.15 EPS for the current fiscal year.

Dover Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.515 per share. This is an increase from Dover’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 1.17%. Dover’s dividend payout ratio is presently 19.79%.

Insider Activity at Dover

In related news, CFO Brad M. Cerepak sold 4,341 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $184.59, for a total transaction of $801,305.19. Following the completion of the sale, the chief financial officer now owns 12,324 shares in the company, valued at approximately $2,274,887.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DOV has been the subject of several analyst reports. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Mizuho upped their price target on Dover from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Oppenheimer upped their price target on Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays upped their price target on Dover from $180.00 to $186.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.63.

Dover Company 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.