1,297 Shares in Dover Co. (NYSE:DOV) Bought by Parallax Volatility Advisers L.P.

Parallax Volatility Advisers L.P. purchased a new stake in Dover Co. (NYSE:DOV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,297 shares of the industrial products company’s stock, valued at approximately $243,000.

Other large investors have also modified their holdings of the company. Financial Life Planners acquired a new stake in Dover in the 4th quarter worth approximately $28,000. R Squared Ltd purchased a new stake in shares of Dover during the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 87 shares during the period. Kieckhefer Group LLC acquired a new stake in Dover during the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.3 %

DOV stock opened at $169.18 on Monday. The business’s 50-day moving average is $176.90 and its 200 day moving average is $189.71. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market cap 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 current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36.

Dover (NYSE:DOV) last issued 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 firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.22%. Dover’s dividend payout ratio is presently 12.41%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Six 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 currently has a consensus rating of “Moderate Buy” and an average target price of $209.50.

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.