Town & Country Bank & Trust CO dba First Bankers Trust CO Lowers Holdings in Dover Co. (NYSE:DOV)

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its holdings in Dover Co. (NYSE:DOV) by 8.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,010 shares of the industrial products company’s stock after selling 846 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Dover were worth $1,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOV. LPL Financial LLC grew its holdings in Dover by 19.2% in the 3rd quarter. LPL Financial LLC now owns 107,154 shares of the industrial products company’s stock valued at $14,949,000 after buying an additional 17,245 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Dover by 5.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,987 shares of the industrial products company’s stock valued at $2,928,000 after purchasing an additional 1,011 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Dover by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 61,289 shares of the industrial products company’s stock valued at $8,550,000 after purchasing an additional 310 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Dover by 113.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,628 shares of the industrial products company’s stock valued at $2,180,000 after purchasing an additional 8,309 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of Dover by 14.9% in the 3rd quarter. Bank of Nova Scotia now owns 12,963 shares of the industrial products company’s stock valued at $1,808,000 after purchasing an additional 1,685 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.1 %

DOV stock traded up $2.00 during midday trading on Friday, hitting $180.45. 1,581,371 shares of the company’s stock were exchanged, compared to its average volume of 1,073,027. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. Dover Co. has a 12-month low of $127.25 and a 12-month high of $188.64. The firm has a 50 day moving average price of $181.07 and a 200-day moving average price of $168.51. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Dover had a return on equity of 25.04% and a net margin of 17.28%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $1.94 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts anticipate that Dover Co. will post 9.1 EPS for the current year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. Dover’s dividend payout ratio (DPR) is 19.60%.

Analyst Upgrades and Downgrades

DOV has been the topic of several research analyst reports. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Mizuho boosted their price target on Dover from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer boosted their price target on Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup boosted their price target on Dover from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Robert W. Baird boosted their price target on Dover from $185.00 to $208.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

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.