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

Savant Capital LLC cut its position in Dover Co. (NYSE:DOV) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 have also recently made changes to their positions in DOV. Versor Investments LP purchased a new stake in shares of Dover during the third quarter worth $1,920,000. Assenagon Asset Management S.A. lifted its holdings 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 worth $17,077,000 after purchasing an additional 60,235 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after purchasing an additional 5,372 shares during the period. Empowered Funds LLC grew its holdings in Dover by 54.3% during the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after buying an additional 4,629 shares in the last quarter. Finally, TrueWealth Advisors LLC bought a new stake in shares of Dover during the fourth quarter valued at about $475,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Price Performance

Shares of Dover stock opened at $202.46 on Friday. The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The company has a fifty day moving average of $195.26 and a 200-day moving average of $191.61. Dover Co. has a 52-week low of $159.48 and a 52-week 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.

Dover (NYSE:DOV) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. Equities research analysts expect that Dover Co. will post 9.47 EPS for the current year.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is 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.