Dover Co. (NYSE:DOV) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its position in shares of Dover Co. (NYSE:DOV - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,130 shares of the industrial products company's stock after selling 1,800 shares during the quarter. Insigneo Advisory Services LLC's holdings in Dover were worth $400,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC increased its position in Dover by 78.6% during the 4th quarter. Wolverine Asset Management LLC now owns 12,500 shares of the industrial products company's stock worth $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 fourth quarter. Westpac Banking Corp now owns 24,486 shares of the industrial products company's stock worth $4,594,000 after acquiring an additional 22,777 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Dover by 195.6% in the fourth 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 during the period. Principal Financial Group Inc. boosted its position 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 purchasing an additional 5,372 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Dover by 1.6% during the 4th 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 period. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Dover from $217.00 to $211.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada upped 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. JPMorgan Chase & Co. decreased their target price on Dover from $230.00 to $189.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup dropped their price target on Dover from $244.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Dover has a consensus rating of "Moderate Buy" and an average price target of $208.17.

Dover Trading Up 2.1 %

NYSE DOV traded up $3.45 during trading hours on Wednesday, hitting $167.01. 635,094 shares of the company's stock were exchanged, compared to its average volume of 966,467. 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 firm has a market capitalization of $22.89 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The business's 50 day moving average is $179.01 and its 200-day moving average is $190.07. Dover Co. has a 12-month low of $143.04 and a 12-month high of $222.31.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, meeting 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, analysts anticipate that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 1.23%. The ex-dividend date was Friday, February 28th. Dover's dividend payout ratio (DPR) is presently 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.