Ossiam Acquires 60,155 Shares of Dover Co. (NYSE:DOV)

Ossiam boosted its holdings in shares of Dover Co. (NYSE:DOV) by 7,118.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,000 shares of the industrial products company’s stock after acquiring an additional 60,155 shares during the quarter. Ossiam’s holdings in Dover were worth $11,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Financial Life Planners bought a new stake in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its stake in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after buying an additional 87 shares during the period. Kieckhefer Group LLC bought a new position in shares of Dover during the fourth quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter valued at approximately $46,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 0.8 %

NYSE DOV opened at $160.69 on Friday. Dover Co. has a 52 week low of $143.04 and a 52 week high of $222.31. The business has a 50 day moving average price of $180.65 and a 200-day moving average price of $190.47. 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 company has a market cap of $22.02 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last released 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 net margin of 32.95% and a return on equity of 21.03%. As a group, equities analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.28%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOV. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Citigroup dropped their target price on shares of Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barclays decreased their price target on Dover from $205.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on Dover from $230.00 to $189.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Dover has an average 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.