54,033 Shares in Dover Co. (NYSE:DOV) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Dover Co. (NYSE:DOV) in the 4th quarter, HoldingsChannel reports. The fund bought 54,033 shares of the industrial products company’s stock, valued at approximately $8,311,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CX Institutional boosted its position in shares of Dover by 1.5% in the 4th quarter. CX Institutional now owns 4,933 shares of the industrial products company’s stock worth $759,000 after purchasing an additional 72 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Dover by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,076 shares of the industrial products company’s stock worth $2,801,000 after acquiring an additional 83 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Dover by 8.1% during the third quarter. Lindbrook Capital LLC now owns 1,225 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 92 shares during the last quarter. Lido Advisors LLC raised its position in shares of Dover by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 101 shares during the last quarter. Finally, American Trust boosted its stake in Dover by 0.6% in the 3rd quarter. American Trust now owns 18,724 shares of the industrial products company’s stock worth $2,612,000 after purchasing an additional 112 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on DOV shares. Oppenheimer lifted their price target on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada boosted their target price on shares of Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Citigroup increased their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Robert W. Baird boosted their price objective on Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Dover Stock Performance

Shares of DOV stock opened at $181.73 on Tuesday. The company has a market capitalization of $24.98 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.84 and a beta of 1.25. Dover Co. has a 12-month low of $127.25 and a 12-month high of $182.33. The business’s 50 day moving average is $173.44 and its two-hundred day moving average is $155.86. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a return on equity of 25.04% and a net margin of 17.28%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. Analysts expect that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.51 per share. The ex-dividend date is Friday, May 31st. This represents a $2.04 annualized dividend and a dividend yield of 1.12%. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Insider Activity at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total value of $3,001,014.10. Following the sale, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Brad M. Cerepak sold 18,410 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the transaction, the chief financial officer now directly owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the sale, the director now directly owns 22,955 shares of the company’s stock, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,910 shares of company stock valued at $4,318,059. 1.30% of the stock is owned by corporate insiders.

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.