Dover Co. (NYSE:DOV) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,569,950 shares of the industrial products company's stock after selling 10,256 shares during the period. Dimensional Fund Advisors LP owned 1.14% of Dover worth $294,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Life Planners bought a new stake in shares of Dover in the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in Dover in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Dover by 79.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 87 shares in the last quarter. Kieckhefer Group LLC purchased a new position in shares of Dover in the 4th quarter worth about $38,000. Finally, Golden State Wealth Management LLC bought a new position in Dover in the 4th quarter worth about $46,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DOV. JPMorgan Chase & Co. dropped their target price on shares of Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada restated a "sector perform" rating on shares of Dover in a research note on Friday. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. StockNews.com cut Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Citigroup reduced their price objective on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.50.

Dover Stock Performance

Shares of NYSE DOV traded down $0.54 during mid-day trading on Friday, hitting $169.18. The stock had a trading volume of 1,122,657 shares, compared to its average volume of 978,266. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a 50 day moving average of $177.63 and a two-hundred day moving average of $189.78. The firm has a market cap of $23.19 billion, a PE ratio of 8.70, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $143.04 and a twelve month high of $222.31.

Dover (NYSE:DOV - Get Free Report) last issued its earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a net margin of 32.95% and a return on equity of 21.03%. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 28th. Dover's 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.