Victory Capital Management Inc. Purchases 65,332 Shares of Dover Co. (NYSE:DOV)

Victory Capital Management Inc. raised its position in shares of Dover Co. (NYSE:DOVGet Rating) by 50.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,830 shares of the industrial products company’s stock after acquiring an additional 65,332 shares during the quarter. Victory Capital Management Inc. owned approximately 0.13% of Dover worth $26,429,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DOV. Norges Bank bought a new stake in Dover during the 4th quarter valued at approximately $249,199,000. Millennium Management LLC boosted its position in shares of Dover by 277.1% in the 4th quarter. Millennium Management LLC now owns 803,269 shares of the industrial products company’s stock worth $145,874,000 after purchasing an additional 590,242 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of Dover in the 4th quarter worth approximately $2,881,000. KBC Group NV boosted its position in shares of Dover by 80.8% in the 4th quarter. KBC Group NV now owns 640,583 shares of the industrial products company’s stock worth $116,330,000 after purchasing an additional 286,301 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Dover by 2.1% in the 4th quarter. BlackRock Inc. now owns 10,713,313 shares of the industrial products company’s stock worth $1,945,538,000 after purchasing an additional 220,569 shares in the last quarter. 84.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on DOV shares. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Barclays decreased their price objective on shares of Dover from $140.00 to $128.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. The Goldman Sachs Group decreased their price objective on shares of Dover from $176.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Wells Fargo & Company boosted their price objective on shares of Dover to $135.00 in a report on Friday, July 22nd. Finally, Mizuho decreased their price objective on shares of Dover from $175.00 to $155.00 and set a “buy” rating for the company in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $161.17.

Dover Trading Up 1.6 %

NYSE:DOV opened at $133.17 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.41 and a quick ratio of 0.87. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. Dover Co. has a one year low of $116.66 and a one year high of $184.04. The business has a fifty day moving average price of $126.06 and a 200-day moving average price of $143.43.

Dover (NYSE:DOVGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.18 billion. Dover had a return on equity of 26.94% and a net margin of 13.90%. Dover’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. Sell-side analysts forecast that Dover Co. will post 8.5 EPS for the current year.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. Dover’s dividend payout ratio (DPR) is 25.45%.

Dover Profile

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Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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