Blair William & Co. IL Sells 175 Shares of Dover Co. (NYSE:DOV)

Blair William & Co. IL trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 76,841 shares of the industrial products company’s stock after selling 175 shares during the period. Blair William & Co. IL’s holdings in Dover were worth $14,415,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DOV. Financial Life Planners bought a new position in shares of Dover during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new stake in Dover during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC raised its position in shares of Dover by 79.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Dover during the 4th quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the fourth quarter valued at about $46,000. 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 several analyst reports. Barclays decreased their price target on shares of Dover from $213.00 to $205.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup cut their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dover has a consensus rating of “Moderate Buy” and a consensus price target of $218.18.

Dover Stock Down 2.5 %

Shares of DOV stock opened at $174.63 on Friday. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The firm has a market capitalization of $23.94 billion, a PE ratio of 8.98, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock’s 50-day simple moving average is $193.63 and its 200-day simple moving average is $193.56.

Dover (NYSE:DOV) last issued its 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 net margin of 32.95% and a return on equity of 21.03%. Equities analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

About Dover

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.