Sterling Capital Management LLC Has $1.57 Million Holdings in Dover Co. (NYSE:DOV)

Sterling Capital Management LLC raised its position in Dover Co. (NYSE:DOV) by 53.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,348 shares of the industrial products company’s stock after purchasing an additional 2,916 shares during the period. Sterling Capital Management LLC’s holdings in Dover were worth $1,566,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dover by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock worth $3,045,772,000 after acquiring an additional 57,453 shares during the period. Geode Capital Management LLC grew its stake 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 worth $618,068,000 after purchasing an additional 74,541 shares during the period. FMR LLC increased its holdings in Dover by 1.1% in the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company’s stock worth $585,010,000 after purchasing an additional 32,565 shares in the last quarter. Norges Bank bought a new position in shares of Dover during the 4th quarter worth approximately $316,228,000. Finally, Invesco Ltd. grew its position in shares of Dover by 10.8% during the 4th quarter. Invesco Ltd. now owns 1,179,207 shares of the industrial products company’s stock worth $221,219,000 after buying an additional 114,719 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

Shares of NYSE DOV opened at $163.63 on Tuesday. The company has a market capitalization of $22.43 billion, a PE ratio of 8.41, a PEG 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. The stock’s 50 day moving average price is $183.98 and its 200-day moving average price is $191.28. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31.

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

Dover Announces Dividend

The business also recently announced 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 1.26%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

DOV has been the topic of several research analyst reports. Morgan Stanley began coverage on shares of Dover in a research note on Monday. They set an “equal weight” rating and a $185.00 target price on the stock. Royal Bank of Canada raised their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Citigroup decreased their price objective on Dover from $244.00 to $201.00 and set a “buy” rating for the company in a report on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

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.