Metis Global Partners LLC Buys 219 Shares of Dover Co. (NYSE:DOV)

Metis Global Partners LLC increased its stake in shares of Dover Co. (NYSE:DOV) by 5.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,621 shares of the industrial products company’s stock after acquiring an additional 219 shares during the period. Metis Global Partners LLC’s holdings in Dover were worth $867,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. State Street Corp raised its holdings in shares of Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after purchasing an additional 56,149 shares during the period. Geode Capital Management LLC increased its position in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after buying an additional 25,993 shares in the last quarter. FMR LLC raised its stake in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after buying an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Dover by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after acquiring an additional 9,464 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Trading Down 4.8 %

Shares of Dover stock opened at $184.10 on Wednesday. The stock has a fifty day moving average price of $196.01 and a 200-day moving average price of $193.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The firm has a market cap of $25.26 billion, a PE ratio of 9.47, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1 year low of $166.20 and a 1 year high of $222.31.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Equities research analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.12%. Dover’s payout ratio is 10.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOV. Wells Fargo & Company increased their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group decreased their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Citigroup dropped their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Dover currently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

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.