New York State Common Retirement Fund Sells 18,053 Shares of Dover Co. (NYSE:DOV)

New York State Common Retirement Fund lowered its holdings in shares of Dover Co. (NYSE:DOV) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 163,725 shares of the industrial products company’s stock after selling 18,053 shares during the period. New York State Common Retirement Fund owned 0.12% of Dover worth $25,183,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RWA Wealth Partners LLC bought a new position in Dover during the fourth quarter worth about $659,000. Stock Yards Bank & Trust Co. grew its holdings in Dover by 7.1% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 26,377 shares of the industrial products company’s stock worth $4,057,000 after purchasing an additional 1,741 shares during the period. Brendel Financial Advisors LLC acquired a new stake in Dover during the fourth quarter worth approximately $3,964,000. CWM LLC lifted its position in Dover by 14.5% during the fourth quarter. CWM LLC now owns 2,391 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 302 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Dover by 5.6% during the fourth quarter. Signaturefd LLC now owns 3,816 shares of the industrial products company’s stock worth $587,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 0.6 %

Shares of DOV opened at $180.17 on Friday. Dover Co. has a one year low of $127.25 and a one year high of $181.49. The company has a market cap of $24.75 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $171.75 and a two-hundred day simple moving average of $154.29.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. Dover had a net margin of 12.52% and a return on equity of 25.95%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Research analysts forecast that Dover Co. will post 9.07 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. Dover’s payout ratio is presently 27.13%.

Insiders Place Their Bets

In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the sale, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dover news, CFO Brad M. Cerepak sold 18,410 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares of the company’s stock, valued at $3,897,406.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brad M. Cerepak sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total transaction of $1,060,260.00. Following the sale, the chief financial officer now directly owns 17,909 shares in the company, valued at approximately $3,164,699.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,910 shares of company stock valued at $4,318,059. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on DOV shares. Royal Bank of Canada raised their price objective on shares of Dover from $146.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Friday, February 2nd. Seaport Res Ptn upgraded shares of Dover from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Barclays raised their price objective on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Robert W. Baird lifted their price target on shares of Dover from $185.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

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.