Headlands Technologies LLC Has $1.36 Million Stock Position in Dover Co. (NYSE:DOV)

Headlands Technologies LLC lifted its position in Dover Co. (NYSE:DOV) by 167.5% in the 4th quarter, Holdings Channel reports. The fund owned 7,228 shares of the industrial products company’s stock after buying an additional 4,526 shares during the period. Headlands Technologies LLC’s holdings in Dover were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Dover by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock valued at $3,045,772,000 after purchasing an additional 57,453 shares in the last quarter. State Street Corp lifted its stake in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dover by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company’s stock valued at $618,068,000 after acquiring an additional 74,541 shares during the period. Norges Bank bought a new stake in Dover during the 4th quarter valued at approximately $316,228,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dover by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock worth $155,352,000 after acquiring an additional 16,763 shares during the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $176.32 on Wednesday. The stock has a market capitalization of $24.17 billion, a PE ratio of 9.07, a price-to-earnings-growth 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. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The stock has a 50 day moving average price of $192.80 and a 200 day moving average price of $193.58.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

Several research firms have commented on DOV. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Barclays reduced their price target on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company boosted their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada upped 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $218.18.

Dover 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.