Mizuho Securities USA LLC Increases Holdings in Dover Co. (NYSE:DOV)

Mizuho Securities USA LLC increased its stake in Dover Co. (NYSE:DOV) by 45.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,003 shares of the industrial products company’s stock after buying an additional 4,090 shares during the period. Mizuho Securities USA LLC’s holdings in Dover were worth $2,439,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DOV. Financial Life Planners bought a new stake in Dover in the fourth quarter worth about $28,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares during the last quarter. Kieckhefer Group LLC bought a new position in Dover during the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover in the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $185.79 on Tuesday. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock has a fifty day moving average of $194.58 and a 200 day moving average of $193.70. Dover Co. has a 52-week low of $168.20 and a 52-week high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings data 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 return on equity of 21.03% and a net margin of 32.95%. On average, research analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.11%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DOV shares. UBS Group dropped 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. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays raised their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.