ING Groep NV Has $3.29 Million Stake in Dover Co. (NYSE:DOV)

ING Groep NV cut its stake in shares of Dover Co. (NYSE:DOV) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,522 shares of the industrial products company’s stock after selling 862 shares during the quarter. ING Groep NV’s holdings in Dover were worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Financial Life Planners acquired a new position in shares of Dover in the fourth quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Dover in the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover during the fourth quarter worth $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

DOV opened at $200.43 on Friday. Dover Co. has a 1-year low of $161.19 and a 1-year high of $222.31. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.06 and a beta of 1.24. The company’s fifty day moving average price is $195.51 and its two-hundred day moving average price is $192.60. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last posted 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%. On average, analysts expect that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price target on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.