Savant Capital LLC Sells 1,928 Shares of Dover Co. (NYSE:DOV)

Savant Capital LLC trimmed its position in shares of Dover Co. (NYSE:DOV - Free Report) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,583 shares of the industrial products company's stock after selling 1,928 shares during the quarter. Savant Capital LLC's holdings in Dover were worth $1,235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DOV. FMR LLC lifted its stake in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock valued at $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI lifted its stake in Dover by 313.7% during the 3rd 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 in the last quarter. Barclays PLC lifted its stake in Dover by 26.6% during the 3rd 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. International Assets Investment Management LLC bought a new position in Dover during the 3rd quarter valued at $14,459,000. Finally, Assenagon Asset Management S.A. lifted its stake in 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. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

DOV traded up $2.08 during trading hours on Tuesday, hitting $204.41. The stock had a trading volume of 171,814 shares, compared to its average volume of 818,737. The company's fifty day simple moving average is $195.27 and its 200 day simple moving average is $191.88. Dover Co. has a 1 year low of $159.48 and a 1 year high of $222.31. The stock has a market cap of $28.04 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.03 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 quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities analysts anticipate that Dover Co. will post 9.47 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 28th. Dover's payout ratio is presently 10.59%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOV. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Wells Fargo & Company raised their price objective on Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com upgraded Dover from a "hold" rating to a "buy" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on Dover from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.91.

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.