Dover Co. (NYSE:DOV) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in Dover Co. (NYSE:DOV) by 13.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,720 shares of the industrial products company’s stock after selling 421 shares during the quarter. D.A. Davidson & CO.’s holdings in Dover were worth $510,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DOV. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dover by 67.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,162 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 4,895 shares during the period. Private Advisor Group LLC raised its holdings in Dover by 3.7% during the third quarter. Private Advisor Group LLC now owns 9,139 shares of the industrial products company’s stock worth $1,752,000 after purchasing an additional 324 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Dover during the third quarter worth $14,459,000. Assenagon Asset Management S.A. raised its holdings in Dover by 135.5% during the third quarter. Assenagon Asset Management S.A. now owns 30,796 shares of the industrial products company’s stock worth $5,905,000 after purchasing an additional 17,719 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Dover by 17.7% during the third quarter. Allworth Financial LP now owns 2,493 shares of the industrial products company’s stock worth $478,000 after purchasing an additional 375 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Price Performance

Shares of NYSE:DOV opened at $198.20 on Wednesday. The company has a market cap of $27.20 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.06 and a beta of 1.24. 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 52 week low of $163.07 and a 52 week high of $222.31. The business has a fifty day simple moving average of $195.54 and a 200-day simple moving average of $193.05.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS 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 forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is currently 10.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DOV shares. Barclays lifted their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Citigroup dropped their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Company 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.