NEOS Investment Management LLC Has $1.11 Million Holdings in Dover Co. (NYSE:DOV)

NEOS Investment Management LLC increased its stake in shares of Dover Co. (NYSE:DOV) by 26.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,939 shares of the industrial products company’s stock after acquiring an additional 1,239 shares during the period. NEOS Investment Management LLC’s holdings in Dover were worth $1,114,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dover by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock valued at $3,045,772,000 after purchasing an additional 57,453 shares during the period. State Street Corp grew its stake in Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dover by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Dover by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock valued at $155,352,000 after acquiring an additional 16,763 shares during the period. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DOV. Royal Bank of Canada increased their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $218.18.

Dover Price Performance

NYSE:DOV opened at $174.63 on Friday. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 2.06 and a beta of 1.24. The company has a 50-day moving average of $193.63 and a 200-day moving average of $193.64. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. 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 (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, equities research analysts anticipate that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

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

Dover Company 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.