Guggenheim Capital LLC Has $18.96 Million Holdings in Dover Co. (NYSE:DOV)

Guggenheim Capital LLC boosted its position in Dover Co. (NYSE:DOV) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,049 shares of the industrial products company’s stock after buying an additional 4,637 shares during the period. Guggenheim Capital LLC owned approximately 0.07% of Dover worth $18,957,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DOV. Vanguard Group Inc. lifted its stake in shares of Dover by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock valued at $3,045,772,000 after purchasing an additional 57,453 shares during the period. Geode Capital Management LLC increased its holdings in Dover by 2.3% in 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 in the last quarter. FMR LLC lifted its stake in Dover by 1.1% in the fourth quarter. FMR LLC now owns 3,118,391 shares of the industrial products company’s stock valued at $585,010,000 after buying an additional 32,565 shares during the period. 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. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DOV shares. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Morgan Stanley started coverage on Dover in a research note on Monday. They issued an “equal weight” rating and a $185.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 price target (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, Citigroup lowered their target price on Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $208.17.

Dover Trading Down 0.2 %

NYSE DOV opened at $163.27 on Wednesday. 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 business has a fifty day simple moving average of $183.16 and a 200 day simple moving average of $191.09. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31. The firm has a market capitalization of $22.38 billion, a P/E ratio of 8.39, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced 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 was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.26%. Dover’s payout ratio is presently 10.59%.

Dover 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.