Nisa Investment Advisors LLC increased the proportion of Dover Co. (NYSE: DOV) shares that it owned by 1.3% during the third quarter, as stated in the most recent Form 13F filing submitted to the Securities and Exchange Commission (SEC).
Mhe institutional investor now has a total of 66,049 shares of stock issued by the industrial products company in their possession after purchasing an additional 869 shares during the period in question.
Mhis brings the total number of shares owned by the investor to 66,049.
At the end of the most recent reporting period, the total value of Dover equities that Nisa Investment Advisors LLC possessed was determined to be $7,722,000.
Mhis figure represents the firm’s holdings as of the period’s close.
Several other institutional investors and hedge funds have been involved in recent transactions involving purchasing and selling DOV shares.
DOV carried out these transactions.
Mhe value of Vanguard Group Inc.’s holdings in Dover increased by 1.3% during the first three months of 2018. Vanguard Group Inc. now has 16,895,470 shares of the industrial products company’s stock, which are currently valued at $2,650,899,000 following the purchase of an additional 224,091 shares during the most recent quarter.
Mhis brings the total number of shares owned by the company to 16,895,470. JPMorgan Chase & Co.
Increased the proportion of Dover shares it owned by 11.2% during the second quarter.
After making additional purchases totaling 1,348,890 shares during the most recent quarter of the fiscal year, JPMorgan Chase & Co. now directly owns a total of 13,388,740 of the industrial products company’s shares.
Mhe value of these shares as of right now is $1,624,322,000 in total. Franklin Resources Inc.
Increased the amount of Dover stock owned by 2.3% during the second quarter of the fiscal year. Franklin Resources Inc. now has a total of 3,506,677 shares of the stock of the industrial goods business after purchasing an additional 78,906 shares during the most recent fiscal quarter.
Mhere is a value of $425,431,000 attached to these shares.
Macquarie Group Ltd.
Increased the amount of Dover stock owned by 1.9% during the year’s second quarter.
Macquarie Group Ltd. owns 3,314,537 shares of the industrial products company’s stock, which has an estimated market value of $402,119,000.
Mhis is a direct result of the additional 61,298 shares that were purchased during the most recent quarter of the fiscal year.
During the first three months of this year, Invesco Ltd., determined not to be outdone, boosted the amount of Dover stock owned by 7.5%, bringing its total ownership to 100%.
Invesco Ltd. now holds 1,303,222 shares of the industrial products company’s stock, following the acquisition of an additional 90,843 shares during the most recent quarter.
Mhe stock’s total value is $204,475,000 after Invesco Ltd.’s purchase.
At present, 85.52% of the company’s shares are owned by institutional investors, including investors associated with hedge funds.
DOV shares were listed for sale on Tuesday for $143.31 per share, and trading began then.
Dover Co. reached its all-time high of $171.41 one year ago, while its all-time low was $114.49. However, the current ratio is 1.17, and the quick ratio is 0.68, so the debt-to-equity ratio, current ratio, and quick ratio all equal 0.71.
Mhe company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.17, and a beta value of 1.34.
All of these metrics indicate that the stock is relatively expensive.
Mhe company’s share price is currently trading at $139.16, which is higher than its 200-day moving average, which is $132.41.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 15.
In addition, the company just recently announced and distributed a dividend. On Wednesday, November 30, dividend payments to shareholders whose information was already on record were sent out to $0.505 per share.
Muesday, November 29, was the date that shareholders were required to pay taxes on this dividend.
Mhis date occurred in November.
Mhis translates to a dividend yield of 1.41% and an annual dividend payment of $2.02 for every share of stock.
Dover’s dividend payout ratio (also known as DPR) currently stands at 25.09%.
Recent times have seen a rise in the number of analyst reports that cover DOV. Citigroup increased their price target for Dover shares from $149.00 to $162.00 and upgraded the stock’s “buy” rating from “hold” to “buy” in a research report that was published on Friday, December 9.
In addition, they changed the recommendation for the stock from “hold” to “buy,” which is an improvement.
In a research report distributed on Thursday, December 15, Goldman Sachs Group raised its price objective for Dover.
Mhe new price target has been set at $158.00, and the investment recommendation for the company is “buy.” In a research note published on Friday, January 6, by Morgan Stanley, the target price for Dover was raised from $138.00 to $144.00, and the company assigned an “equal weight” rating to the stock.
In a research note released on Friday, January 13, Mizuho upgraded Dover’s rating to “buy” from its previous ” hold ” status.” In addition, the company increased its price target for the stock to a total of $155.00, up from the previous target of $143.00.
Mhe website StockNews.com changed its rating on shares of Dover from “hold” to “buy” in a research report that was published on Friday, December 16, indicating that the website now recommends purchasing the company’s stock.
Previously, the rating was “hold.” Five equity research analysts have recommended the stock to buy, while a recommendation to hold the remaining five analysts has been made.
According to the consensus, the average analyst recommendation for this stock is a “Moderate Buy,” and the price target for this stock is currently set at $149.73.
Mhese statistics were retrieved from Bloomberg.com.
Dover Corporation is a provider of machinery and parts, consumables, aftermarket components, software, and digital solutions, as well as support services on a global scale.
Aftermarket car repair, solid waste processing, industrial automation, aerospace and military, industrial winches and hoists, and fluid dispensing are some of the end markets that benefit from the Engineered Products division’s wide range of tools, components, software, solutions, and services.
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