Dover Co. (NYSE:DOV) Holdings Lowered by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its stake in Dover Co. (NYSE:DOVFree Report) by 44.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,546 shares of the industrial products company’s stock after selling 8,416 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Dover were worth $1,622,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of Dover in the third quarter worth approximately $32,000. Headinvest LLC purchased a new position in Dover during the 3rd quarter worth approximately $32,000. Exchange Traded Concepts LLC acquired a new stake in Dover during the 4th quarter valued at $33,000. AdvisorNet Financial Inc lifted 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 in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in shares of Dover in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the subject of a number of research reports. Citigroup raised their price objective on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Robert W. Baird boosted their price objective on shares of Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Oppenheimer upped their price target on shares of Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada lifted their price objective on Dover from $146.00 to $153.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

View Our Latest Analysis on Dover

Insider Buying and Selling at Dover

In other news, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $171.19, for a total value of $256,785.00. Following the transaction, the director now directly owns 22,955 shares in the company, valued at $3,929,666.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dover news, Director Stephen M. Todd sold 1,500 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total value of $256,785.00. Following the completion of the sale, the director now directly owns 22,955 shares of the company’s stock, valued at approximately $3,929,666.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brad M. Cerepak sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the completion of the transaction, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The disclosure for this sale can be found here. Insiders sold 25,910 shares of company stock worth $4,318,059 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Dover Trading Down 0.0 %

Shares of NYSE:DOV opened at $184.09 on Friday. Dover Co. has a 1 year low of $127.25 and a 1 year high of $186.50. The firm has a fifty day moving average price of $176.73 and a 200 day moving average price of $159.16. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $25.30 billion, a PE ratio of 17.68, a P/E/G ratio of 1.89 and a beta of 1.25.

Dover (NYSE:DOVGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The firm’s revenue was up .7% on a year-over-year basis. Analysts expect that Dover Co. will post 9.1 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, May 30th. Dover’s dividend payout ratio is 19.60%.

Dover Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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