Dover Co. (NYSE:DOV) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Dover Co. (NYSE:DOV) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 335,689 shares of the industrial products company’s stock after purchasing an additional 14,380 shares during the period. Teacher Retirement System of Texas’ holdings in Dover were worth $62,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Dover by 54.3% in the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 4,629 shares during the period. Swiss National Bank increased its stake in shares of Dover by 0.3% in the third quarter. Swiss National Bank now owns 407,900 shares of the industrial products company’s stock valued at $78,211,000 after purchasing an additional 1,100 shares during the period. Quest Partners LLC increased its stake in shares of Dover by 513,400.0% in the third quarter. Quest Partners LLC now owns 5,135 shares of the industrial products company’s stock valued at $985,000 after purchasing an additional 5,134 shares during the period. Pathstone Holdings LLC increased its position in Dover by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 21,356 shares of the industrial products company’s stock valued at $4,095,000 after acquiring an additional 288 shares during the period. Finally, Prospera Financial Services Inc acquired a new stake in Dover in the 3rd quarter valued at approximately $263,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup lowered their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Royal Bank of Canada raised their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Trading Up 0.8 %

Dover stock opened at $182.27 on Thursday. 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 firm has a market cap of $25.01 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The firm’s 50 day moving average price is $194.78 and its two-hundred day moving average price is $193.54. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31.

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

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is currently 10.59%.

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.