Dover Co. (NYSE:DOV) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its position in shares of Dover Co. (NYSE:DOV) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,550 shares of the industrial products company’s stock after selling 72,199 shares during the quarter. Schroder Investment Management Group owned approximately 0.10% of Dover worth $25,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. Wolverine Asset Management LLC increased its stake in shares of Dover by 78.6% in the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 5,500 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Dover by 195.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after purchasing an additional 60,235 shares during the period. Principal Financial Group Inc. increased its position in shares of Dover by 3.1% in the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after buying an additional 5,372 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Dover by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company’s stock worth $5,183,000 after buying an additional 444 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Dover by 28.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,831 shares of the industrial products company’s stock valued at $4,471,000 after buying an additional 5,289 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.6 %

NYSE DOV opened at $179.23 on Thursday. The business’s fifty day simple moving average is $192.41 and its 200-day simple moving average is $193.48. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24.57 billion, a PE ratio of 9.21, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31.

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

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOV. Wells Fargo & Company increased their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup cut their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $218.18.

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.