6,675 Shares in Dover Co. (NYSE:DOV) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Dover Co. (NYSE:DOV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,675 shares of the industrial products company’s stock, valued at approximately $1,252,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cibc World Markets Corp raised its holdings in Dover by 16.2% during the fourth quarter. Cibc World Markets Corp now owns 21,679 shares of the industrial products company’s stock worth $4,067,000 after acquiring an additional 3,025 shares in the last quarter. SlateStone Wealth LLC raised its stake in Dover by 3.1% in the fourth quarter. SlateStone Wealth LLC now owns 5,770 shares of the industrial products company’s stock valued at $1,082,000 after buying an additional 175 shares during the period. GWN Securities Inc. bought a new stake in Dover in the fourth quarter valued at approximately $238,000. Glenview Trust co raised its stake in Dover by 3.6% in the fourth quarter. Glenview Trust co now owns 8,370 shares of the industrial products company’s stock valued at $1,570,000 after buying an additional 288 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Dover by 9.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,297 shares of the industrial products company’s stock valued at $3,245,000 after buying an additional 1,449 shares during the period. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Citigroup reduced their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Stock Performance

Shares of Dover stock opened at $181.38 on Friday. 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 has a 50-day moving average price of $194.67 and a two-hundred day moving average price of $193.45. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31. The company has a market cap of $24.89 billion, a P/E ratio of 9.33, a PEG ratio of 2.06 and a beta of 1.24.

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

Dover Announces Dividend

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

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.