Private Advisor Group LLC Sells 666 Shares of Dover Co. (NYSE:DOV)

Private Advisor Group LLC lessened its stake in shares of Dover Co. (NYSE:DOVFree Report) by 8.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,279 shares of the industrial products company’s stock after selling 666 shares during the period. Private Advisor Group LLC’s holdings in Dover were worth $1,290,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vontobel Holding Ltd. raised its holdings in Dover by 7.2% during the fourth quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company’s stock worth $3,910,000 after acquiring an additional 1,718 shares in the last quarter. Nordea Investment Management AB raised its holdings in Dover by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after acquiring an additional 29,096 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Dover by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock worth $34,820,000 after acquiring an additional 19,156 shares in the last quarter. Vest Financial LLC increased its position in Dover by 35.7% during the fourth quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after buying an additional 53,273 shares during the last quarter. Finally, Norges Bank acquired a new position in Dover during the fourth quarter worth approximately $175,275,000. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup boosted 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. Mizuho boosted 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. Wells Fargo & Company boosted their price target on Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Finally, Barclays boosted 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Check Out Our Latest Report on DOV

Dover Price Performance

Dover stock opened at $178.58 on Thursday. Dover Co. has a 12 month low of $127.25 and a 12 month high of $188.64. The stock’s 50 day moving average is $181.16 and its 200-day moving average is $169.90. 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 company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.14 and a beta of 1.22.

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

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 31st. Dover’s dividend payout ratio is currently 19.60%.

Dover 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.

Read More

Institutional Ownership by Quarter for Dover (NYSE:DOV)

Receive News & Ratings for Dover Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dover and related companies with MarketBeat.com's FREE daily email newsletter.