Gulf International Bank UK Ltd Sells 103 Shares of Dover Co. (NYSE:DOV)

Gulf International Bank UK Ltd reduced its stake in Dover Co. (NYSE:DOV) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,938 shares of the industrial products company’s stock after selling 103 shares during the period. Gulf International Bank UK Ltd’s holdings in Dover were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DOV. Financial Life Planners bought a new position in shares of Dover in the fourth quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of Dover in the third quarter worth $33,000. R Squared Ltd bought a new position in shares of Dover in the fourth quarter worth $34,000. Kieckhefer Group LLC bought a new position in shares of Dover in the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover in the fourth quarter worth $46,000. 84.46% of the stock is owned by institutional investors.

Dover Trading Up 1.1 %

Shares of DOV stock opened at $198.75 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $196.05 and a two-hundred day moving average price of $193.28. Dover Co. has a 12-month low of $163.71 and a 12-month high of $222.31. The firm has a market cap of $27.27 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DOV shares. UBS Group lowered their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada increased their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Finally, Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.91.

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.