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Dover Co. (NYSE:DOV) shares sold by Fisher Asset Management LLC

Fisher Asset Management LLC has sold its interest in Dover Co. (NYSE:DOV – Free Report) fell 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,647,215 shares of the industrial products company after selling 27,947 shares during the period. Fisher Asset Management LLC owned about 1.18% of Dover worth $253,358,000 at the end of the most recent quarter.

Several other institutional investors have also recently increased or decreased their stakes in the stock. Vontobel Holding Ltd. increased its position in Dover shares by 7.2% during the 4th quarter. Vontobel Holding Ltd. now owns 25,421 shares of the industrial products company worth $3,910,000 after purchasing an additional 1,718 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Dover by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 557,953 shares of the industrial products company’s stock worth $85,612,000 after purchasing an additional 29,096 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Dover shares by 9.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 226,382 shares of the industrial products company’s stock worth $34,820,000 after purchasing an additional 19,156 shares during the last quarter. Vest Financial LLC increased its position in shares of Dover by 35.7% during the fourth quarter. Vest Financial LLC now owns 202,490 shares of the industrial products company’s stock worth $31,145,000 after purchasing an additional 53,273 shares in the last quarter. Finally, Norges Bank bought a new stake in Dover stock in the fourth quarter worth $175,275,000. Institutional investors and hedge funds own 84.46% of the company’s shares.

Analyst upgrades and downgrades

A number of stock analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Dover from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, April 8. Barclays raised their price target on shares of Dover from $180.00 to $186.00 and gave the company an “equalweight” rating in a report on Friday, April 26. Oppenheimer raised their target price on shares of Dover from $187.00 to $197.00 and gave the company an “outperform” rating in a report on Friday, April 26. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Friday, April 26. Finally, Wells Fargo & Company raised their target price on shares of Dover from $177.00 to $190.00 and gave the company an “equalweight” rating in a report on Friday, April 26. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Get our latest stock analysis on Dover

Dover shares fell 2.3%

DOV stock fell $4.14 in afternoon trading on Friday, hitting $177.25. 1,049,364 shares of the company were redeemed, compared to the average volume of 1,053,869. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 17.03, a price-to-earnings growth ratio of 2.20, and a beta of 1.24. 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 company has a fifty-day simple moving average of $179.26 and a 200-day simple moving average of $165.84.

Dover (NYSE:DOV – Get Free Report) last reported its quarterly earnings data on Thursday, April 25. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. Dover had a net margin of 17.28% and a return on equity of 25.04%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned earnings per share of $1.94. The company’s revenue for the quarter increased 0.7% compared to the same quarter last year. On average, research analysts predict that Dover Co. will post a profit per share of 9.1 for the current financial year.

Dividend announcement from Dover

The company also recently announced a quarterly dividend, which was paid on Friday, June 14. Well-known investors on Friday, May 31st received a dividend of $0.51. The ex-dividend date was Friday, May 31. This represents a dividend of $2.04 annually and a yield of 1.15%. Dover’s dividend payout ratio currently stands at 19.60%.

Dover profile

(Free report)

Dover Corporation provides equipment and components, consumables, aftermarket parts, software and digital solutions, and support services worldwide. The company’s Engineered Products segment provides various equipment, components, software, solutions and services used in the automotive aftermarket, waste management, industrial automation, aerospace and defense, industrial winch and hoist, and the fluid dispensing end market .

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Quarterly Institutional Ownership for Dover (NYSE:DOV)

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