Dover Co. (NYSE:DOV) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dover Co. (NYSE:DOV) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,466 shares of the industrial products company’s stock after buying an additional 433 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dover were worth $13,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners acquired a new position in Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth about $33,000. R Squared Ltd acquired a new position in shares of Dover during the 4th quarter worth about $34,000. Kieckhefer Group LLC purchased a new position in Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DOV. The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup decreased their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada boosted 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. Finally, Barclays increased their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Performance

Dover stock opened at $181.83 on Thursday. The stock has a market cap of $24.95 billion, a price-to-earnings ratio of 9.35, 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 current ratio of 2.04 and a quick ratio of 1.52. The firm has a 50 day simple moving average of $195.43 and a 200-day simple moving average of $193.63. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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, analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.13%. Dover’s payout ratio is currently 10.59%.

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.