3,381 Shares in Dover Co. (NYSE:DOV) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Dover Co. (NYSE:DOV) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,381 shares of the industrial products company’s stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DOV. Financial Life Planners bought a new stake in shares of Dover during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in shares of Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 87 shares during the period. Kieckhefer Group LLC bought a new position in shares of Dover in the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter valued at about $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.9 %

Dover stock opened at $174.71 on Friday. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $23.95 billion, a PE ratio of 8.98, a PEG ratio of 2.06 and a beta of 1.28. The firm’s fifty day moving average is $171.90 and its 200 day moving average is $188.43.

Dover (NYSE:DOV) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $1.95 EPS. Dover’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, May 30th. Dover’s payout ratio is currently 12.41%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DOV. Robert W. Baird cut their price target on shares of Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Barclays raised their price target on Dover from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dover from $230.00 to $189.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average price target of $206.33.

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.