Dover Co. (NYSE:DOV) Stock Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in shares of Dover Co. (NYSE:DOV) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,497,297 shares of the industrial products company’s stock after selling 43,320 shares during the period. Vanguard Group Inc. owned about 11.79% of Dover worth $2,537,449,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Dover by 15.4% during the 4th quarter. Franklin Resources Inc. now owns 3,689,136 shares of the industrial products company’s stock worth $567,426,000 after buying an additional 492,577 shares during the last quarter. FMR LLC lifted its holdings in Dover by 10.5% during the 3rd quarter. FMR LLC now owns 2,390,670 shares of the industrial products company’s stock worth $333,522,000 after buying an additional 226,646 shares during the last quarter. Northern Trust Corp lifted its holdings in Dover by 5.5% during the 3rd quarter. Northern Trust Corp now owns 1,724,613 shares of the industrial products company’s stock worth $240,601,000 after buying an additional 89,774 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dover by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,428,878 shares of the industrial products company’s stock worth $219,778,000 after buying an additional 140,089 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Dover by 160.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,428,710 shares of the industrial products company’s stock worth $199,319,000 after purchasing an additional 879,533 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DOV shares. Citigroup increased their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer increased their price target on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Mizuho increased their price target on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Barclays increased their price target on Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company raised their target price on Dover from $177.00 to $190.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.75.

Dover Stock Up 1.1 %

DOV opened at $179.23 on Tuesday. Dover Co. has a 12 month low of $127.25 and a 12 month 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. The stock has a market cap of $24.63 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.20 and a beta of 1.25. The stock’s 50 day moving average price is $179.26 and its 200 day moving average price is $166.02.

Dover (NYSE:DOV) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 25.04% and a net margin of 17.28%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. As a group, research analysts predict that Dover Co. will post 9.1 earnings per share for the current year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, May 31st. Dover’s dividend payout ratio 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.