Nomura Holdings Inc. Purchases 7,048 Shares of Dover Co. (NYSE:DOV)

Nomura Holdings Inc. boosted its position in shares of Dover Co. (NYSE:DOV) by 289.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,483 shares of the industrial products company’s stock after acquiring an additional 7,048 shares during the quarter. Nomura Holdings Inc.’s holdings in Dover were worth $1,459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Dover in the third quarter valued at $32,000. Headinvest LLC acquired a new position in shares of Dover in the third quarter valued at $32,000. Exchange Traded Concepts LLC acquired a new position in shares of Dover in the fourth quarter valued at $33,000. AdvisorNet Financial Inc increased its holdings in shares of Dover by 783.3% in the fourth quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Dover in the fourth quarter valued at $35,000. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DOV has been the topic of several research reports. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price target on shares of Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Citigroup upped their price target on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Mizuho upped their price target on shares of Dover from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer upped their price target on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three 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 company has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Dover Stock Up 2.0 %

Shares of NYSE DOV opened at $182.79 on Thursday. The company has a 50 day simple moving average of $179.43 and a 200 day simple moving average of $166.57. The firm has a market cap of $25.12 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. Dover Co. has a 1 year low of $127.25 and a 1 year high of $188.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 0.89.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.04%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS. On average, research analysts forecast that Dover Co. will post 9.1 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 dividend on an annualized basis and a yield of 1.12%. Dover’s dividend payout ratio (DPR) is presently 19.60%.

Dover 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.