Mn Services Vermogensbeheer B.V. Purchases 900 Shares of Dover Co. (NYSE:DOV)

Mn Services Vermogensbeheer B.V. increased its position in Dover Co. (NYSE:DOV) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 54,500 shares of the industrial products company’s stock after buying an additional 900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Dover were worth $10,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOV. Financial Life Planners acquired a new position in Dover during the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Dover during the third quarter worth $33,000. R Squared Ltd acquired a new position in Dover during the fourth quarter worth $34,000. Kieckhefer Group LLC acquired a new position in Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover during the fourth quarter worth $46,000. 84.46% of the stock is owned by institutional investors.

Dover Price Performance

Shares of DOV stock opened at $198.75 on Friday. The stock has a 50-day moving average price of $196.05 and a 200 day moving average price of $193.28. 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 firm has a market cap of $27.27 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 12 month low of $163.71 and a 12 month high of $222.31.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Research analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analyst Ratings Changes

Several research analysts have issued reports on DOV shares. Barclays increased their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. 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. Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

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.