Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Dover Corp (NYSE:DOV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 980 shares of the industrial products company’s stock, valued at approximately $92,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Dover during the fourth quarter worth about $26,000. Capital Financial Planning LLC acquired a new stake in shares of Dover during the fourth quarter worth about $27,000. Pinnacle Bank acquired a new stake in shares of Dover during the fourth quarter worth about $28,000. Athena Capital Advisors LLC acquired a new stake in shares of Dover during the fourth quarter worth about $30,000. Finally, CWM LLC lifted its holdings in shares of Dover by 378.6% during the first quarter. CWM LLC now owns 493 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 390 shares during the period. 84.96% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on DOV shares. Zacks Investment Research downgraded Dover from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Morgan Stanley lifted their price target on Dover from $92.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, March 8th. Barclays lifted their price target on Dover from $93.00 to $99.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Robert W. Baird cut Dover from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Finally, Deutsche Bank set a $102.00 price target on Dover and gave the company a “hold” rating in a research report on Monday, April 22nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $94.10.

DOV stock traded up $0.08 during trading on Wednesday, hitting $96.45. 10,477 shares of the company traded hands, compared to its average volume of 1,040,197. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 1.04. The stock has a market cap of $13.94 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.46 and a beta of 1.47. Dover Corp has a 1 year low of $65.83 and a 1 year high of $99.46.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.12. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Dover had a return on equity of 28.48% and a net margin of 7.69%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. On average, research analysts predict that Dover Corp will post 5.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, May 30th. Dover’s dividend payout ratio (DPR) is presently 38.63%.

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About Dover

Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates through three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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