ExodusPoint Capital Management LP Sells 36,876 Shares of Dover Co. (NYSE:DOV)

ExodusPoint Capital Management LP lowered its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 86.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,539 shares of the industrial products company's stock after selling 36,876 shares during the period. ExodusPoint Capital Management LP's holdings in Dover were worth $1,039,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC lifted its holdings in shares of Dover by 78.6% in the fourth quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock worth $2,345,000 after acquiring an additional 5,500 shares during the last quarter. Westpac Banking Corp increased its holdings in shares of Dover by 1,332.8% during the fourth quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company's stock worth $4,594,000 after buying an additional 22,777 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Dover by 195.6% during 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. raised its position in Dover by 3.1% in the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company's stock valued at $34,100,000 after purchasing an additional 5,372 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Dover by 1.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 27,626 shares of the industrial products company's stock worth $5,183,000 after purchasing an additional 444 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts recently weighed in on DOV shares. Barclays reduced 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 note on Thursday, April 10th. Citigroup decreased their price objective on shares of Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research report on Monday. Royal Bank of Canada increased their price target on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. StockNews.com downgraded Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.17.

Dover Stock Performance

Shares of NYSE DOV traded down $0.29 during midday trading on Wednesday, reaching $162.99. The company's stock had a trading volume of 219,212 shares, compared to its average volume of 953,694. The firm has a 50 day moving average price of $183.16 and a 200-day moving average price of $191.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31. The stock has a market capitalization of $22.34 billion, a P/E ratio of 8.36, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. As a group, equities analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 1.26%. Dover's payout ratio is 10.59%.

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.