Kentucky Retirement Systems Decreases Stock Holdings in Dover Co. (NYSE:DOV)

Kentucky Retirement Systems decreased its position in Dover Co. (NYSE:DOV) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,446 shares of the industrial products company’s stock after selling 130 shares during the quarter. Kentucky Retirement Systems’ holdings in Dover were worth $1,772,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in shares of Dover in the fourth quarter valued at about $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Dover in the third quarter valued at about $33,000. R Squared Ltd purchased a new position in shares of Dover during the fourth quarter valued at about $34,000. Kieckhefer Group LLC purchased a new position in shares of Dover during the fourth quarter valued at about $38,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Dover during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Down 2.9 %

Shares of Dover stock opened at $200.43 on Friday. Dover Co. has a twelve month low of $161.19 and a twelve month high of $222.31. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. 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 company’s 50 day moving average is $195.51 and its 200 day moving average is $192.60.

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

Dover Dividend Announcement

The business 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 dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.03%. Dover’s payout ratio is 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.