Dover Co. (NYSE:DOV) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its holdings in shares of Dover Co. (NYSE:DOV) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,147 shares of the industrial products company’s stock after buying an additional 1,940 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dover were worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission.

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

Dover Stock Performance

Shares of NYSE:DOV opened at $174.63 on Friday. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The business has a fifty day moving average of $193.63 and a 200-day moving average of $193.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a market cap of $23.94 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS 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%. On average, equities research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

Analyst Ratings Changes

Several equities analysts have recently commented on DOV shares. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays reduced their target price on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group raised their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group cut their price target 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. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $218.18.

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.