Dover Co. (NYSE:DOV) Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Dover Co. (NYSE:DOV) by 5,282.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,135 shares of the industrial products company’s stock after acquiring an additional 80,609 shares during the quarter. SG Americas Securities LLC’s holdings in Dover were worth $14,429,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Dover by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company’s stock worth $3,045,772,000 after acquiring an additional 57,453 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dover by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company’s stock worth $618,068,000 after acquiring an additional 74,541 shares in the last quarter. FMR LLC boosted its stake in shares of Dover by 1.1% during the 4th quarter. FMR LLC now owns 3,118,391 shares of the industrial products company’s stock worth $585,010,000 after acquiring an additional 32,565 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Dover by 31.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,182,995 shares of the industrial products company’s stock worth $409,530,000 after acquiring an additional 524,092 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Dover by 16.6% during the 4th quarter. Northern Trust Corp now owns 1,726,523 shares of the industrial products company’s stock worth $323,896,000 after acquiring an additional 245,535 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.3%

Dover stock opened at $181.28 on Wednesday. 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 business has a 50 day moving average price of $171.90 and a two-hundred day moving average price of $185.83. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27.

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 business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm posted $1.95 EPS. Dover’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. Dover’s payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DOV. JPMorgan Chase & Co. upped their price target on Dover from $190.00 to $211.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Wall Street Zen downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Citigroup decreased their target price on Dover from $244.00 to $201.00 and set a “buy” rating for the company in a research note 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 research note on Friday, April 25th. Finally, Barclays increased their target price on Dover from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $207.75.

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.