Vestmark Advisory Solutions Inc. Makes New $291,000 Investment in Dover Co. (NYSE:DOV)

Vestmark Advisory Solutions Inc. bought a new position in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,550 shares of the industrial products company’s stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in shares of Dover by 39.7% in the third quarter. Farther Finance Advisors LLC now owns 686 shares of the industrial products company’s stock worth $132,000 after buying an additional 195 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Dover by 89.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,346 shares of the industrial products company’s stock worth $3,134,000 after buying an additional 7,704 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Dover by 3.1% in the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after buying an additional 5,372 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Dover in the third quarter worth about $239,000. Finally, Assetmark Inc. lifted its holdings 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 in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Down 0.3 %

Shares of NYSE DOV opened at $185.46 on Monday. Dover Co. has a one year low of $168.20 and a one year high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm’s 50 day simple moving average is $195.85 and its two-hundred day simple moving average is $193.76. The stock has a market capitalization of $25.45 billion, a P/E ratio of 9.54, 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 EPS for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. As a group, analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOV. Barclays increased 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. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, UBS Group lowered 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Dover currently has an average 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.