Commerzbank Aktiengesellschaft FI Grows Stake in Dover Co. (NYSE:DOV)

Commerzbank Aktiengesellschaft FI lifted its position in Dover Co. (NYSE:DOV) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in shares of Dover in the 4th quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in Dover in the 3rd quarter worth $33,000. R Squared Ltd bought a new position in Dover in the 4th quarter worth $34,000. Kieckhefer Group LLC bought a new position in Dover in the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the 4th quarter worth $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company raised 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. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a report on Friday, January 31st. UBS Group decreased their target price on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Citigroup decreased their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Trading Up 3.2 %

Shares of Dover stock opened at $189.91 on Thursday. The firm has a market cap of $26.06 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 2.06 and a beta of 1.24. The business has a 50-day moving average price of $196.00 and a 200-day moving average price of $193.61. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a twelve month low of $167.87 and a twelve month high of $222.31.

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

Dover Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.08%. Dover’s dividend payout ratio is currently 10.59%.

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.