American Century Companies Inc. Sells 78,883 Shares of Dover Corporation $DOV

American Century Companies Inc. reduced its position in Dover Corporation (NYSE:DOV) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 753,659 shares of the industrial products company’s stock after selling 78,883 shares during the period. American Century Companies Inc. owned 0.55% of Dover worth $138,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Dover by 62.1% during the 4th quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after buying an additional 1,128 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Dover by 26.6% in the first quarter. Allianz Asset Management GmbH now owns 34,205 shares of the industrial products company’s stock valued at $6,009,000 after acquiring an additional 7,182 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Dover by 1.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,323 shares of the industrial products company’s stock worth $1,111,000 after purchasing an additional 110 shares during the period. Cetera Investment Advisers boosted its position in Dover by 0.5% during the first quarter. Cetera Investment Advisers now owns 27,256 shares of the industrial products company’s stock valued at $4,788,000 after purchasing an additional 136 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Dover by 2.6% during the first quarter. Assetmark Inc. now owns 56,138 shares of the industrial products company’s stock valued at $9,862,000 after acquiring an additional 1,404 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 0.2%

Shares of DOV stock opened at $183.21 on Tuesday. Dover Corporation has a fifty-two week low of $143.04 and a fifty-two week high of $222.31. The company has a 50 day moving average price of $173.25 and a 200 day moving average price of $178.22. The stock has a market capitalization of $25.13 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.04.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter. Dover had a return on equity of 17.62% and a net margin of 28.37%.The business had revenue of $1.78 billion for the quarter. Equities research analysts predict that Dover Corporation will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. Dover’s dividend payout ratio is currently 12.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Dover from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Robert W. Baird set a $235.00 price target on shares of Dover in a report on Friday, October 24th. Barclays raised their price objective on Dover from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Wall Street Zen lowered Dover from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Dover from $183.00 to $198.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.27.

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.