National Pension Service Sells 8,000 Shares of Dover Co. (NYSE:DOV)

National Pension Service reduced its stake in Dover Co. (NYSE:DOV) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,010 shares of the industrial products company’s stock after selling 8,000 shares during the period. National Pension Service owned 0.15% of Dover worth $39,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in Dover in the fourth quarter valued at $28,000. Ashton Thomas Securities LLC bought a new stake in Dover in the third quarter valued at $33,000. R Squared Ltd bought a new stake in Dover in the fourth quarter valued at $34,000. Kieckhefer Group LLC bought a new stake in Dover in the fourth quarter valued at $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover in the fourth quarter valued at $46,000. 84.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group reduced their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays lifted their price objective on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Up 1.1 %

Dover stock opened at $198.75 on Friday. Dover Co. has a fifty-two week low of $163.71 and a fifty-two week high of $222.31. The stock has a market cap of $27.27 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The firm’s 50-day simple moving average is $196.05 and its 200 day simple moving average is $193.28. 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 released its quarterly earnings results 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 net margin of 32.95% and a return on equity of 21.03%. Research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is 10.59%.

Dover Company 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.