Pacer Advisors Inc. Raises Holdings in Dover Co. (NYSE:DOV)

Pacer Advisors Inc. boosted its stake in shares of Dover Co. (NYSE:DOV) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,558 shares of the industrial products company’s stock after acquiring an additional 1,384 shares during the quarter. Pacer Advisors Inc.’s holdings in Dover were worth $2,168,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. KBC Group NV increased its holdings in shares of Dover by 2.1% during the 4th quarter. KBC Group NV now owns 30,846 shares of the industrial products company’s stock valued at $5,787,000 after purchasing an additional 622 shares in the last quarter. Blue Trust Inc. increased its holdings in Dover by 11.0% in the fourth quarter. Blue Trust Inc. now owns 3,584 shares of the industrial products company’s stock valued at $687,000 after buying an additional 356 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Dover in the fourth quarter worth about $245,000. Geneos Wealth Management Inc. boosted its stake in shares of Dover by 3.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 21,239 shares of the industrial products company’s stock worth $3,984,000 after acquiring an additional 637 shares in the last quarter. Finally, Atlas Private Wealth Advisors acquired a new stake in shares of Dover during the 4th quarter valued at about $815,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday. Mizuho lifted their price target on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Trading Down 1.0 %

DOV opened at $203.42 on Friday. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. The company’s 50 day simple moving average is $195.57 and its two-hundred day simple moving average is $190.34. Dover Co. has a 1-year low of $148.45 and a 1-year high of $214.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 23.61% and a net margin of 18.63%. Analysts expect that Dover Co. will post 8.17 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.