Fisher Funds Management LTD Takes Position in Dover Co. (NYSE:DOV)

Fisher Funds Management LTD bought a new position in shares of Dover Co. (NYSE:DOV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,730 shares of the industrial products company’s stock, valued at approximately $3,865,000.

Other institutional investors have also bought and sold shares of the company. Hudson Edge Investment Partners Inc. boosted its holdings in shares of Dover by 2.0% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 34,082 shares of the industrial products company’s stock worth $6,394,000 after acquiring an additional 660 shares in the last quarter. Wolverine Asset Management LLC raised its position in Dover by 78.6% in the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 5,500 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Dover by 26.9% in the fourth quarter. Handelsbanken Fonder AB now owns 50,137 shares of the industrial products company’s stock worth $9,406,000 after purchasing an additional 10,615 shares in the last quarter. Mcdaniel Terry & Co. grew its holdings in shares of Dover by 5.8% during the fourth quarter. Mcdaniel Terry & Co. now owns 221,736 shares of the industrial products company’s stock worth $41,598,000 after purchasing an additional 12,088 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Dover by 12.6% during the fourth quarter. Ieq Capital LLC now owns 9,966 shares of the industrial products company’s stock worth $1,870,000 after purchasing an additional 1,112 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 2.9 %

Shares of NYSE:DOV opened at $200.43 on Monday. The company has a 50-day simple moving average of $195.51 and a 200 day simple moving average of $192.74. The company has a market capitalization of $27.50 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 52-week low of $161.19 and a 52-week high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Sell-side analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. Dover’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DOV. The Goldman Sachs Group lifted 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. Citigroup cut their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group lowered their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. 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. Finally, StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Dover presently 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.