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V Square Quantitative Management LLC buys 622 shares of Dover Co. (NYSE:DOV)


V Square Quantitative Management LLC has acquired its interest in the shares of Dover Co. (NYSE:DOV – Free Report) increased 26.9% during the fourth quarter, the company said in its most recent filing with the SEC. The fund owned 2,938 shares of the industrial products company after buying an additional 622 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dover were worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DOV. Vontobel Holding Ltd. grew its position in Dover shares by 7.2% in the 4th quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company worth $3,910,000 after purchasing an additional 1,718 shares in the last quarter. Nordea Investment Management AB increased its position in Dover shares by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after purchasing an additional 29,096 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Dover shares by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock worth $34,820,000 after purchasing an additional 19,156 shares during the last quarter. Vest Financial LLC boosted its position in shares of Dover by 35.7% in the fourth quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after purchasing an additional 53,273 shares in the last quarter. Finally, Norges Bank bought a new position in Dover worth $175,275,000 in the fourth quarter. Hedge funds and other institutional investors own 84.46% of the company’s shares.

Analysts set new price targets

A number of equity research analysts have recently weighed in on DOV stock. Barclays raised their price target on Dover from $180.00 to $186.00 and gave the stock an “equalweight” rating in a research note on Friday, April 26. Oppenheimer raised their price target on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, April 26. Citigroup raised their price objective on shares of Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, April 8. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Friday, April 26. Finally, Wells Fargo & Company raised their price target on Dover from $177.00 to $190.00 and gave the stock an “equalweight” rating in a research report on Friday, April 26. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.75.

Check out our latest stock report on DOV

Dover Stock Performance

NYSE DOV opened at $177.25 on Monday. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $188.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.31. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 2.20, and a beta of 1.24. The stock has a 50-day simple moving average of $179.26 and a two-hundred-day simple moving average of $165.84.

Dover (NYSE:DOV – Get Free Report) last released its quarterly earnings data on Thursday, April 25. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter of the previous year, the company posted earnings per share of $1.94. The company’s quarterly revenue increased 0.7% compared to the same quarter last year. On average, stock analysts predict that Dover Co. will post earnings per share of 9.1 this year.

Dividend announcement from Dover

The company also recently announced a quarterly dividend, which was paid on Friday, June 14. Shareholders of record on Friday, May 31, received a dividend of $0.51 per share. This represents a dividend of $2.04 annually and a dividend yield of 1.15%. The ex-dividend date was Friday, May 31. Dover’s dividend payout ratio (DPR) currently stands at 19.60%.

About Dover

(Free report)

Dover Corporation provides equipment and components, consumables, aftermarket parts, software and digital solutions, and support services worldwide. The company’s Engineered Products segment provides various equipment, components, software, solutions and services used in the automotive aftermarket, waste management, industrial automation, aerospace and defense, industrial winch and hoist, and the fluid dispensing end market .

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Quarterly Institutional Ownership for Dover (NYSE:DOV)



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