Dover Co. (NYSE:DOV) Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its stake in shares of Dover Co. (NYSE:DOV) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 412 shares of the industrial products company’s stock after selling 274 shares during the period. Farther Finance Advisors LLC’s holdings in Dover were worth $77,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DOV. State Street Corp raised its stake in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC raised its stake in Dover by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares during the period. FMR LLC raised its stake in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after acquiring an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after acquiring an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Dover by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock worth $155,352,000 after acquiring an additional 16,763 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Citigroup cut their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Down 0.8 %

NYSE:DOV opened at $179.78 on Friday. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market capitalization of $24.67 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The business’s 50-day simple moving average is $194.60 and its 200-day simple moving average is $193.50.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. Sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.15%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.