Bank Julius Baer & Co. Ltd Zurich Grows Position in Dover Co. (NYSE:DOV)

Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Dover Co. (NYSE:DOV) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,337 shares of the industrial products company’s stock after purchasing an additional 84 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Dover were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DOV. Farther Finance Advisors LLC raised its stake in shares of Dover by 39.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 195 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after purchasing an additional 5,372 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Dover during the third quarter worth about $239,000. Assetmark Inc. boosted its position in shares of Dover by 5.0% in the third quarter. Assetmark Inc. now owns 51,611 shares of the industrial products company’s stock worth $9,896,000 after buying an additional 2,436 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Dover in the third quarter valued at about $33,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 4.1 %

Shares of NYSE DOV opened at $177.97 on Tuesday. The stock has a market capitalization of $24.42 billion, a P/E ratio of 9.15, a PEG ratio of 2.06 and a beta of 1.24. The stock’s 50 day moving average price is $195.68 and its two-hundred day moving average price is $193.73. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31.

Dover (NYSE:DOV) last posted 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 return on equity of 21.03% and a net margin of 32.95%. On average, analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm 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 dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of analyst reports. 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. Royal Bank of Canada raised their price target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. UBS Group cut their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.