United Capital Financial Advisors LLC Sells 1,199 Shares of Dover Co. (NYSE:DOV)

United Capital Financial Advisors LLC decreased its stake in shares of Dover Co. (NYSE:DOV) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,310 shares of the industrial products company’s stock after selling 1,199 shares during the period. United Capital Financial Advisors LLC’s holdings in Dover were worth $4,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DOV. Wolverine Asset Management LLC raised 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 during the period. Westpac Banking Corp raised its position in Dover by 1,332.8% in the 4th quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company’s stock valued at $4,594,000 after buying an additional 22,777 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after acquiring an additional 60,235 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after acquiring an additional 5,372 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Dover by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company’s stock valued at $5,183,000 after purchasing an additional 444 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Down 0.9 %

Dover stock opened at $161.87 on Thursday. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31. The stock has a market cap of $22.19 billion, a P/E ratio of 8.32, a P/E/G ratio of 2.06 and a beta of 1.24. The company’s 50-day moving average price is $182.35 and its two-hundred day moving average price is $190.88. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.

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

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.27%. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DOV shares. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Morgan Stanley began coverage on Dover in a research note on Monday. They issued an “equal weight” rating and a $185.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

Dover Company 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.