Dover Co. (NYSE:DOV) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its stake in shares of Dover Co. (NYSE:DOV) by 49.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 674 shares of the industrial products company’s stock after selling 671 shares during the quarter. Centaurus Financial Inc.’s holdings in Dover were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DOV. Financial Life Planners purchased a new position in Dover in the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of Dover in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Dover by 79.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 87 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of Dover during the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC purchased a new position in Dover in the fourth quarter valued at $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 1.1%

DOV stock opened at $177.70 on Monday. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a fifty day moving average price of $171.49 and a 200 day moving average price of $186.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31.

Dover (NYSE:DOV) last announced its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.06. Dover had a net margin of 32.95% and a return on equity of 21.03%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Sell-side analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, May 30th. Dover’s dividend payout ratio (DPR) is presently 12.41%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $176.00 price target on shares of Dover in a report on Friday, April 25th. Morgan Stanley started coverage on Dover in a research note on Monday, April 14th. They set an “equal weight” rating and a $185.00 target price for the company. Robert W. Baird dropped their price target on shares of Dover from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Barclays raised their price objective on shares of Dover from $180.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.75.

Dover Company 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.