UniSuper Management Pty Ltd Increases Stake in Dover Co. (NYSE:DOV)

UniSuper Management Pty Ltd grew its position in Dover Co. (NYSE:DOV) by 20.6% during the 4th quarter, Holdings Channel reports. The fund owned 14,343 shares of the industrial products company’s stock after buying an additional 2,451 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Dover were worth $2,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC boosted its holdings 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after buying an additional 60,235 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after acquiring an additional 5,372 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Dover by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company’s stock worth $5,183,000 after purchasing an additional 444 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Dover by 28.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,831 shares of the industrial products company’s stock valued at $4,471,000 after purchasing an additional 5,289 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DOV has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays lowered their price target on Dover from $213.00 to $205.00 and set an “equal weight” rating on the stock in a report on Wednesday. Royal Bank of Canada lifted their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.18.

Dover Trading Down 2.5 %

Dover stock opened at $174.63 on Friday. The stock has a market cap of $23.94 billion, a PE ratio of 8.98, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $193.63 and a 200 day moving average price of $193.64. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31.

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

Dover Announces Dividend

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