Mizuho Securities USA LLC Buys 4,090 Shares of Dover Co. (NYSE:DOV)

Mizuho Securities USA LLC raised its position in shares of Dover Co. (NYSE:DOV) by 45.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,003 shares of the industrial products company’s stock after purchasing an additional 4,090 shares during the quarter. Mizuho Securities USA LLC’s holdings in Dover were worth $2,439,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Dover during the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in Dover during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dover by 79.1% in the 4th 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 period. Kieckhefer Group LLC bought a new stake in shares of Dover during the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in Dover during the fourth quarter worth approximately $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of Dover stock opened at $185.79 on Tuesday. The company has a market cap of $25.50 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The business has a 50 day moving average price of $194.58 and a 200-day moving average price of $193.70.

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

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s payout ratio is 10.59%.

Analyst Ratings Changes

DOV has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group dropped their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company raised their price target 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. Royal Bank of Canada upped their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Finally, Oppenheimer restated 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target 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.