Commerzbank Aktiengesellschaft FI Purchases 146 Shares of Dover Co. (NYSE:DOV)

Commerzbank Aktiengesellschaft FI grew its position in shares of Dover Co. (NYSE:DOV) by 11.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,380 shares of the industrial products company’s stock after purchasing an additional 146 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Dover were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Patten Group Inc. increased its holdings in shares of Dover by 10.1% in the fourth quarter. Patten Group Inc. now owns 5,543 shares of the industrial products company’s stock worth $1,040,000 after buying an additional 507 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Dover by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock worth $155,352,000 after buying an additional 16,763 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Dover by 29.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,676 shares of the industrial products company’s stock worth $2,190,000 after buying an additional 2,630 shares during the period. HFR Wealth Management LLC increased its holdings in shares of Dover by 0.3% in the fourth quarter. HFR Wealth Management LLC now owns 62,578 shares of the industrial products company’s stock worth $11,740,000 after buying an additional 169 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Dover in the fourth quarter worth about $75,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Dover stock opened at $189.91 on Thursday. 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 company has a market capitalization of $26.06 billion, a P/E ratio of 9.76, a PEG ratio of 2.06 and a beta of 1.24. The stock’s 50 day moving average is $196.00 and its 200 day moving average is $193.61. Dover Co. has a twelve month low of $167.87 and a twelve month high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings results 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 return on equity of 21.03% and a net margin of 32.95%. On average, equities research analysts predict that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.08%. Dover’s dividend payout ratio is 10.59%.

Wall Street Analyst Weigh In

DOV has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Barclays boosted their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.