Keybank National Association OH Sells 115 Shares of Dover Co. (NYSE:DOV)

Keybank National Association OH decreased its position in Dover Co. (NYSE:DOV) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,742 shares of the industrial products company’s stock after selling 115 shares during the quarter. Keybank National Association OH’s holdings in Dover were worth $5,767,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Dover in the 4th quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the 3rd quarter valued at approximately $33,000. R Squared Ltd bought a new stake in shares of Dover in the 4th quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Dover in the 4th quarter valued at approximately $46,000. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 3.2 %

DOV opened at $189.91 on Thursday. Dover Co. has a 1-year low of $167.87 and a 1-year high of $222.31. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 2.06 and a beta of 1.24. The business has a 50 day moving average of $196.00 and a 200-day moving average of $193.61.

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

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.515 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.08%. Dover’s payout ratio is 10.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Royal Bank of Canada upped their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays upped their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.