KLP Kapitalforvaltning AS Buys Shares of 67,179 Dover Co. (NYSE:DOV)

KLP Kapitalforvaltning AS bought a new stake in shares of Dover Co. (NYSE:DOV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 67,179 shares of the industrial products company’s stock, valued at approximately $12,603,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Life Planners purchased a new position in Dover in the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new position in Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 87 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Dover in the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new position in Dover in the 4th quarter worth approximately $46,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the subject of a number of recent analyst reports. Barclays boosted 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. Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Citigroup decreased their price objective 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. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Trading Down 0.8 %

Shares of DOV stock opened at $179.78 on Monday. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. The firm has a fifty day moving average price of $194.60 and a 200-day moving average price of $193.62. 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 company has a market cap of $24.67 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s payout ratio is 10.59%.

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.