Aviva PLC Sells 85,504 Shares of Dover Co. (NYSE:DOV)

Aviva PLC decreased its stake in shares of Dover Co. (NYSE:DOV - Free Report) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,759 shares of the industrial products company's stock after selling 85,504 shares during the period. Aviva PLC owned approximately 0.06% of Dover worth $15,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Dover by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,235,456 shares of the industrial products company's stock worth $3,045,772,000 after purchasing an additional 57,453 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dover by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 3,303,257 shares of the industrial products company's stock worth $618,068,000 after buying an additional 74,541 shares in the last quarter. Norges Bank acquired a new stake in Dover in the 4th quarter valued at approximately $316,228,000. Charles Schwab Investment Management Inc. lifted its stake in 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 acquiring an additional 16,763 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Dover by 5.6% during the 4th quarter. American Century Companies Inc. now owns 761,346 shares of the industrial products company's stock worth $142,829,000 after acquiring an additional 40,321 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on DOV shares. Barclays cut their price objective on shares of Dover from $205.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Thursday. Citigroup reduced their price objective on shares of Dover from $236.00 to $222.00 and set a "buy" rating for the company in a research note on Monday, January 13th. UBS Group lowered their target price on 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 increased their price target on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.18.

Dover Stock Performance

Dover stock traded up $2.67 during mid-day trading on Friday, hitting $162.23. 1,590,092 shares of the company's stock traded hands, compared to its average volume of 954,978. The firm has a 50 day simple moving average of $184.81 and a two-hundred day simple moving average of $191.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The stock has a market cap of $22.24 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a fifty-two week low of $143.04 and a fifty-two week high of $222.31.

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

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio is currently 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.