Dover Corporation $DOV Stock Holdings Trimmed by Chilton Capital Management LLC

Chilton Capital Management LLC decreased its holdings in Dover Corporation (NYSE:DOV) by 34.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,492 shares of the industrial products company’s stock after selling 83,935 shares during the quarter. Chilton Capital Management LLC owned 0.12% of Dover worth $26,441,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Dover by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,573,281 shares of the industrial products company’s stock valued at $3,036,722,000 after buying an additional 231,146 shares in the last quarter. State Street Corp lifted its stake in shares of Dover by 2.7% in the 2nd quarter. State Street Corp now owns 6,447,149 shares of the industrial products company’s stock worth $1,181,311,000 after acquiring an additional 171,934 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dover by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,453,121 shares of the industrial products company’s stock valued at $629,996,000 after acquiring an additional 33,539 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Dover by 10.6% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,376,279 shares of the industrial products company’s stock valued at $435,406,000 after acquiring an additional 227,653 shares during the period. Finally, First Trust Advisors LP raised its holdings in Dover by 717.4% during the second quarter. First Trust Advisors LP now owns 1,716,256 shares of the industrial products company’s stock worth $314,470,000 after purchasing an additional 1,506,288 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Trading Up 0.5%

Shares of DOV opened at $207.73 on Tuesday. The business’s 50-day moving average price is $196.23 and its 200 day moving average price is $183.48. The company has a current ratio of 2.04, a quick ratio of 1.44 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $28.49 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.44 and a beta of 1.31. Dover Corporation has a 1-year low of $143.04 and a 1-year high of $222.31.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 28th. Dover’s dividend payout ratio is 12.79%.

Insider Buying and Selling

In other news, CFO Christopher B. Woenker sold 1,627 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $186.04, for a total value of $302,687.08. Following the completion of the sale, the chief financial officer owned 2,553 shares of the company’s stock, valued at $474,960.12. This trade represents a 38.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ivonne M. Cabrera sold 2,630 shares of Dover stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $190.80, for a total value of $501,804.00. Following the transaction, the senior vice president owned 72,968 shares in the company, valued at $13,922,294.40. This represents a 3.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Oppenheimer increased their price target on Dover from $228.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada restated a “sector perform” rating and issued a $199.00 price objective on shares of Dover in a report on Thursday, January 15th. Barclays lifted their target price on Dover from $195.00 to $205.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $205.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, BNP Paribas Exane initiated coverage on shares of Dover in a research report on Thursday, December 4th. They set a “neutral” rating and a $195.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dover has an average rating of “Moderate Buy” and a consensus price target of $218.45.

Dover Company Profile

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.