New York State Teachers Retirement System lessened its position in shares of Dover Co. (NYSE:DOV - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,014 shares of the industrial products company's stock after selling 3,738 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Dover worth $26,454,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in DOV. V Square Quantitative Management LLC boosted its stake in shares of Dover by 5.5% in the fourth quarter. V Square Quantitative Management LLC now owns 3,844 shares of the industrial products company's stock worth $721,000 after buying an additional 201 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Dover by 0.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 53,917 shares of the industrial products company's stock worth $10,154,000 after buying an additional 299 shares during the last quarter. Life Planning Partners Inc purchased a new stake in shares of Dover in the fourth quarter worth about $7,919,000. Avestar Capital LLC boosted its stake in shares of Dover by 4.5% in the fourth quarter. Avestar Capital LLC now owns 2,973 shares of the industrial products company's stock worth $558,000 after buying an additional 127 shares during the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Dover in the fourth quarter worth about $289,000. Hedge funds and other institutional investors own 84.46% of the company's stock.
Dover Price Performance
Shares of Dover stock traded down $0.53 during mid-day trading on Wednesday, reaching $204.83. 771,262 shares of the stock traded hands, compared to its average volume of 837,308. The business has a 50-day moving average of $195.35 and a 200 day moving average of $192.09. Dover Co. has a fifty-two week low of $159.48 and a fifty-two week high of $222.31. The stock has a market capitalization of $28.10 billion, a PE ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36.
Dover (NYSE:DOV - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS 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%. On average, analysts predict that Dover Co. will post 9.45 EPS for the current year.
Dover Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued 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 1.01%. Dover's dividend payout ratio is presently 10.59%.
Analyst Upgrades and Downgrades
DOV has been the topic of a number of recent research reports. Citigroup lowered their target price on Dover from $236.00 to $222.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. UBS Group reduced their price target on Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, 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. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $218.91.
Check Out Our Latest Stock Analysis on DOV
About Dover
(
Free Report)
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.
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