Machina Capital S.A.S. Sells 6,173 Shares of Dover Co. (NYSE:DOV)

Machina Capital S.A.S. trimmed its holdings in Dover Co. (NYSE:DOV - Free Report) by 64.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,422 shares of the industrial products company's stock after selling 6,173 shares during the period. Machina Capital S.A.S.'s holdings in Dover were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOV. Raymond James Financial Inc. purchased a new position in shares of Dover in the fourth quarter valued at $30,741,000. Proficio Capital Partners LLC bought a new position in Dover in the 4th quarter worth about $28,718,000. FMR LLC increased its position in shares of Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock valued at $591,676,000 after buying an additional 149,378 shares during the period. National Bank of Canada FI boosted its position in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company's stock valued at $36,647,000 after acquiring an additional 144,930 shares during the period. Finally, Barclays PLC grew its stake in Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock valued at $69,082,000 after acquiring an additional 75,670 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of Dover from a "hold" rating to a "buy" rating in a report on Monday. UBS Group reduced their target price on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Barclays boosted their price objective on Dover from $205.00 to $213.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada lifted their target price on shares of Dover from $196.00 to $214.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $218.91.

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Dover Trading Up 0.6 %

Dover stock traded up $1.06 during mid-day trading on Wednesday, hitting $181.83. The company's stock had a trading volume of 1,282,591 shares, compared to its average volume of 894,107. The business has a 50 day moving average price of $195.55 and a 200-day moving average price of $193.71. 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 $168.20 and a 12 month high of $222.31. The stock has a market cap of $24.95 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24.

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 for the quarter, meeting analysts' consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, analysts forecast that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.13%. 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.