Court Place Advisors LLC Sells 1,534 Shares of Dover Co. (NYSE:DOV)

Court Place Advisors LLC lowered its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,957 shares of the industrial products company's stock after selling 1,534 shares during the period. Court Place Advisors LLC's holdings in Dover were worth $2,431,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new position in shares of Dover in the second quarter valued at about $2,995,000. Public Sector Pension Investment Board raised its position in shares of Dover by 71.4% in the second quarter. Public Sector Pension Investment Board now owns 5,259 shares of the industrial products company's stock valued at $949,000 after buying an additional 2,191 shares in the last quarter. AQR Capital Management LLC increased its stake in Dover by 12.0% during the 2nd quarter. AQR Capital Management LLC now owns 48,379 shares of the industrial products company's stock worth $8,730,000 after acquiring an additional 5,194 shares during the period. MBB Public Markets I LLC bought a new position in shares of Dover in the second quarter worth $1,786,000. Finally, Ascent Group LLC increased its holdings in Dover by 11.5% in the 2nd quarter. Ascent Group LLC now owns 11,393 shares of the industrial products company's stock valued at $2,056,000 after buying an additional 1,174 shares during the period. Institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

DOV has been the topic of several recent analyst reports. Mizuho lifted their price target on Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price target on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday. Citigroup decreased their price objective on Dover from $236.00 to $222.00 and set a "buy" rating for the company in a report on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $218.91.

Dover Stock Down 1.0 %

Shares of DOV stock traded down $2.00 on Friday, hitting $203.42. The stock had a trading volume of 2,050,194 shares, compared to its average volume of 914,956. Dover Co. has a 12-month low of $148.45 and a 12-month high of $214.57. The business has a 50 day moving average of $195.60 and a 200 day moving average of $190.22. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover (NYSE:DOV - Get Free Report) last released its 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 return on equity of 23.61% and a net margin of 18.63%. As a group, analysts expect that Dover Co. will post 8.17 EPS for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.01%. Dover's payout ratio is 18.43%.

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.