Kentucky Retirement Systems Insurance Trust Fund Has $1.13 Million Position in Dover Co. (NYSE:DOV)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Dover Co. (NYSE:DOV - Free Report) by 48.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,033 shares of the industrial products company's stock after acquiring an additional 1,963 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Dover were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company's stock valued at $1,191,531,000 after purchasing an additional 56,149 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company's stock valued at $616,945,000 after purchasing an additional 25,993 shares during the period. FMR LLC increased its holdings in shares of Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock valued at $591,676,000 after purchasing an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company's stock valued at $188,815,000 after purchasing an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Dover by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company's stock valued at $155,566,000 after purchasing an additional 9,464 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOV has been the topic of a number of research reports. Barclays upped their target price on Dover from $205.00 to $213.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Royal Bank of Canada increased their price objective on Dover from $196.00 to $214.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Citigroup dropped their price objective on Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, StockNews.com upgraded Dover from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Dover currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.91.

Dover Stock Performance

Shares of DOV traded down $6.00 during mid-day trading on Friday, hitting $200.43. The company's stock had a trading volume of 1,214,486 shares, compared to its average volume of 857,595. Dover Co. has a one year low of $161.19 and a one year high of $222.31. 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 $27.51 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The stock's 50-day moving average is $195.53 and its two-hundred day moving average is $192.28.

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 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%. As a group, sell-side analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. Dover's dividend 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.