AlphaQuest LLC Purchases 8,733 Shares of Dover Co. (NYSE:DOV)

AlphaQuest LLC lifted its position in Dover Co. (NYSE:DOV) by 170.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,868 shares of the industrial products company’s stock after acquiring an additional 8,733 shares during the quarter. Dover makes up approximately 0.3% of AlphaQuest LLC’s portfolio, making the stock its 25th largest position. AlphaQuest LLC’s holdings in Dover were worth $2,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DOV. Amundi boosted its holdings in shares of Dover by 42.3% in the 4th quarter. Amundi now owns 648,525 shares of the industrial products company’s stock worth $121,417,000 after buying an additional 192,908 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dover in the 4th quarter worth about $30,741,000. Proficio Capital Partners LLC purchased a new position in shares of Dover in the 4th quarter worth about $28,718,000. FMR LLC boosted its holdings in shares of Dover by 5.1% in 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 last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Dover by 313.7% in the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after buying an additional 144,930 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Down 0.3 %

DOV stock opened at $185.46 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $195.85 and its 200 day moving average is $193.68. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $168.20 and a 1-year high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share 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%. Sell-side analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DOV shares. Wells Fargo & Company boosted their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Barclays upped their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.91.

Dover Company 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.