Catalyst Capital Advisors LLC Makes New $68,000 Investment in Dover Co. (NYSE:DOV)

Catalyst Capital Advisors LLC acquired a new position in shares of Dover Co. (NYSE:DOV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 363 shares of the industrial products company’s stock, valued at approximately $68,000.

Several other institutional investors have also recently bought and sold shares of DOV. FMR LLC raised its holdings in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after purchasing an additional 144,930 shares during the last quarter. Barclays PLC raised its holdings in shares of Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Dover in the third quarter valued at about $14,459,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after purchasing an additional 60,235 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE:DOV opened at $205.21 on Wednesday. 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 capitalization of $28.15 billion, a PE ratio of 10.55, a P/E/G ratio of 2.03 and a beta of 1.24. Dover Co. has a twelve month low of $159.48 and a twelve month high of $222.31. The company has a 50-day moving average price of $195.35 and a two-hundred day moving average price of $192.09.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities analysts forecast that Dover Co. will post 9.47 EPS for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.00%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOV. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and an average price target of $218.91.

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.