Dover Co. (NYSE:DOV) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in Dover Co. (NYSE:DOV) by 21.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,548 shares of the industrial products company’s stock after purchasing an additional 6,144 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Dover were worth $6,437,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Spire Wealth Management increased its stake in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after buying an additional 52 shares during the period. Independent Advisor Alliance increased its stake in Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 58 shares during the period. ORG Partners LLC increased its stake in Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the period. Trust Point Inc. increased its stake in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after buying an additional 59 shares during the period. Finally, JGP Wealth Management LLC increased its stake in Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after buying an additional 62 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Up 2.3 %

Shares of Dover stock opened at $181.15 on Friday. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The stock has a market capitalization of $24.86 billion, a price-to-earnings ratio of 9.31, a PEG 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. The business’s 50 day simple moving average is $195.12 and its 200-day simple moving average is $193.57.

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

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.14%. Dover’s dividend payout ratio is presently 10.59%.

Analysts Set New Price Targets

DOV has been the topic of several recent research reports. UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. 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 report on Friday, January 31st. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their price target on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus price target of $218.91.

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.