Dover Co. (NYSE:DOV) Shares Bought by Amundi

Amundi boosted its holdings in shares of Dover Co. (NYSE:DOV) by 42.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 648,525 shares of the industrial products company’s stock after buying an additional 192,908 shares during the quarter. Amundi’s holdings in Dover were worth $121,417,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in Dover during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new position in Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd purchased a new position in Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC purchased a new position in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new position in Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Price Performance

Shares of NYSE DOV opened at $177.97 on Tuesday. The firm has a market cap of $24.42 billion, a PE ratio of 9.15, a PEG ratio of 2.06 and a beta of 1.24. The firm has a fifty day moving average of $195.68 and a 200 day moving average of $193.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a one year low of $168.20 and a one year high of $222.31.

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 the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is presently 10.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DOV shares. Royal Bank of Canada raised their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Citigroup cut their target price 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. The Goldman Sachs Group lifted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Monday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average target price of $218.91.

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.