Boston Partners Lowers Stake in Dover Co. (NYSE:DOV)

Boston Partners lowered its position in shares of Dover Co. (NYSE:DOV) by 21.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375,193 shares of the industrial products company’s stock after selling 383,832 shares during the quarter. Boston Partners owned 1.00% of Dover worth $258,022,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DOV. Financial Life Planners purchased a new position in shares of Dover in the fourth quarter worth $28,000. R Squared Ltd purchased a new position in shares of Dover in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company’s stock worth $37,000 after buying an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in Dover during the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in Dover during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped 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 decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays upped their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada upped their price target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Five investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Trading Down 1.3 %

NYSE DOV opened at $180.54 on Wednesday. The company’s 50-day moving average price is $194.88 and its 200-day moving average price is $193.62. 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 cap of $24.78 billion, a PE ratio of 9.28, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 12 month low of $168.20 and a 12 month high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 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%. Equities research analysts forecast that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

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.