Janus Henderson Group PLC Acquires 8,905 Shares of Dover Co. (NYSE:DOV)

Janus Henderson Group PLC raised its stake in shares of Dover Co. (NYSE:DOV) by 46.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,075 shares of the industrial products company’s stock after buying an additional 8,905 shares during the period. Janus Henderson Group PLC’s holdings in Dover were worth $5,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in Dover in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new position in shares of Dover in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted 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 worth $37,000 after buying an additional 87 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Dover during the 4th quarter worth $46,000. Finally, Mainstream Capital Management LLC acquired a new position in Dover in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

NYSE DOV opened at $186.64 on Monday. The stock has a market cap of $25.59 billion, a P/E ratio of 9.60, a PEG ratio of 2.06 and a beta of 1.28. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The company’s 50-day simple moving average is $171.82 and its 200 day simple moving average is $188.12.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. As a group, research analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.10%. Dover’s payout ratio is presently 12.41%.

Analysts Set New Price Targets

DOV has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup lowered their target price on Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird cut their price target on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $176.00 price objective on shares of Dover in a research note on Friday, April 25th. Finally, UBS Group cut their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.