Dover Co. (NYSE:DOV) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of Dover Co. (NYSE:DOV) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,323 shares of the industrial products company’s stock after selling 1,998 shares during the quarter. Leeward Investments LLC MA’s holdings in Dover were worth $10,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Dover during the third quarter valued at approximately $1,920,000. Assenagon Asset Management S.A. raised its stake in Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock valued at $17,077,000 after buying an additional 60,235 shares in the last quarter. Principal Financial Group Inc. raised its stake in Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after buying an additional 5,372 shares in the last quarter. Empowered Funds LLC raised its stake in Dover by 54.3% during the third 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 acquired a new stake in Dover during the fourth quarter valued at approximately $475,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the subject of several recent research reports. Royal Bank of Canada upped their target price on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Oppenheimer restated an “outperform” rating and issued a $225.00 target price (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Price Performance

DOV opened at $200.43 on Friday. The stock has a fifty day moving average of $195.51 and a 200-day moving average of $192.60. The firm has a market capitalization of $27.50 billion, a P/E ratio of 10.30, a PEG ratio of 2.06 and a beta of 1.24. Dover Co. has a 12-month low of $161.19 and a 12-month high of $222.31. 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 released its earnings results 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 analysts forecast that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.03%. Dover’s payout ratio is currently 10.59%.

About Dover

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.