Wilkins Investment Counsel Inc. Has $985,000 Position in Dover Co. (NYSE:DOV)

Wilkins Investment Counsel Inc. lessened its position in Dover Co. (NYSE:DOV) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,250 shares of the industrial products company’s stock after selling 300 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Dover were worth $985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after purchasing an additional 56,149 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after purchasing an additional 25,993 shares in the last quarter. FMR LLC boosted its stake in shares of Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after purchasing an additional 17,193 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dover by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock valued at $155,352,000 after purchasing an additional 16,763 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of NYSE:DOV opened at $182.27 on Thursday. The stock has a market capitalization of $25.01 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a 1-year low of $168.20 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 business has a 50-day moving average price of $194.78 and a two-hundred day moving average price of $193.54.

Dover (NYSE:DOV) last announced its quarterly 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%. Equities analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business 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. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.13%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DOV shares. UBS Group reduced their target price on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada lifted their price target on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Dover presently has an average 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.