Dover Co. (NYSE:DOV) Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in Dover Co. (NYSE:DOV) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,330 shares of the industrial products company’s stock after selling 21,158 shares during the quarter. Candriam S.C.A. owned about 0.05% of Dover worth $13,194,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOV. Financial Life Planners acquired a new stake in shares of Dover in the fourth quarter valued at approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Dover during the third quarter worth $33,000. R Squared Ltd acquired a new stake in shares of Dover during the fourth quarter worth $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the fourth quarter worth $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Dover during the fourth quarter worth $46,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Trading Down 0.3 %

Shares of DOV stock opened at $185.46 on Friday. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The stock has a market cap of $25.45 billion, a P/E ratio of 9.54, a P/E/G ratio of 2.06 and a beta of 1.24. The business has a fifty day simple moving average of $195.90 and a 200-day simple moving average of $193.56. 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) last announced its quarterly 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%. On average, analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. UBS Group decreased 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. Citigroup decreased their price target on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.