MML Investors Services LLC Acquires 6,260 Shares of Dover Co. (NYSE:DOV)

MML Investors Services LLC increased its stake in Dover Co. (NYSE:DOV) by 37.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,013 shares of the industrial products company’s stock after purchasing an additional 6,260 shares during the period. MML Investors Services LLC’s holdings in Dover were worth $4,317,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DOV. Barclays PLC grew its holdings in shares of Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares during the last quarter. Advisory Resource Group grew its stake in shares of Dover by 2.3% during the third quarter. Advisory Resource Group now owns 24,721 shares of the industrial products company’s stock valued at $4,740,000 after buying an additional 557 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Dover by 85.1% in the 3rd quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company’s stock valued at $2,756,000 after acquiring an additional 6,608 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in Dover by 4.1% during the 3rd quarter. Anchor Investment Management LLC now owns 3,241 shares of the industrial products company’s stock valued at $621,000 after acquiring an additional 128 shares during the period. Finally, World Investment Advisors LLC grew its position in Dover by 4.2% during the 3rd quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 131 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Dover from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Thursday. Citigroup cut their price objective on Dover from $244.00 to $201.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird decreased their target price on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada reissued a “sector perform” rating on shares of Dover in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.50.

Dover Trading Down 0.3 %

DOV stock opened at $169.18 on Friday. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 1-year low of $143.04 and a 1-year high of $222.31. The business has a 50 day simple moving average of $176.90 and a two-hundred day simple moving average of $189.66.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.