Headlands Technologies LLC Grows Holdings in Dover Co. (NYSE:DOV)

Headlands Technologies LLC raised its holdings in shares of Dover Co. (NYSE:DOV) by 167.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,228 shares of the industrial products company’s stock after purchasing an additional 4,526 shares during the quarter. Headlands Technologies LLC’s holdings in Dover were worth $1,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in shares of Dover in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC grew 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 worth $37,000 after purchasing an additional 87 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Dover during the fourth quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Royal Bank of Canada lifted their price target 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. Wells Fargo & Company raised their target price 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. 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. Finally, Barclays reduced their price objective on Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Trading Up 0.4 %

Shares of NYSE:DOV opened at $176.32 on Wednesday. The company has a 50 day moving average of $192.80 and a 200-day moving average of $193.58. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24.17 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results 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 return on equity of 21.03% and a net margin of 32.95%. As a group, analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal 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 paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.17%. Dover’s dividend payout ratio is currently 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.