Dover Co. (NYSE:DOV) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in Dover Co. (NYSE:DOV) by 56.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,607,392 shares of the industrial products company’s stock after selling 2,063,308 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Dover were worth $301,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Dover in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new position in Dover in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares during the period. Kieckhefer Group LLC acquired a new stake in Dover during the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $169.18 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The firm has a fifty day moving average of $176.90 and a 200 day moving average of $189.66. The firm has a market cap of $23.19 billion, a PE ratio of 8.70, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a one year low of $143.04 and a one year high of $222.31.

Dover (NYSE:DOV) last released its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent research reports. Barclays raised their target price on shares of Dover from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup decreased their price objective on Dover from $244.00 to $201.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Dover in a report on Friday. Robert W. Baird decreased their price target on Dover from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company raised their price objective on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.50.

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.