Dover Co. (NYSE:DOV) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its position in shares of Dover Co. (NYSE:DOVGet Rating) by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,065 shares of the industrial products company’s stock after selling 718 shares during the quarter. Prudent Man Advisors LLC’s holdings in Dover were worth $738,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Pictet Asset Management SA grew its position in Dover by 0.7% in the fourth quarter. Pictet Asset Management SA now owns 74,157 shares of the industrial products company’s stock worth $13,467,000 after acquiring an additional 505 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Dover by 7.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 34,123 shares of the industrial products company’s stock worth $6,197,000 after buying an additional 2,510 shares during the last quarter. CFO4Life Group LLC boosted its stake in shares of Dover by 5.5% in the 4th quarter. CFO4Life Group LLC now owns 4,008 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 210 shares during the last quarter. Glenview Trust Co grew its position in Dover by 34.1% during the fourth quarter. Glenview Trust Co now owns 9,074 shares of the industrial products company’s stock valued at $1,648,000 after buying an additional 2,308 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Dover by 7.5% during the fourth quarter. Panagora Asset Management Inc. now owns 282,742 shares of the industrial products company’s stock valued at $51,346,000 after buying an additional 19,672 shares during the period. 84.14% of the stock is currently owned by institutional investors and hedge funds.

DOV traded up $1.27 during trading on Thursday, reaching $131.35. 877,346 shares of the company traded hands, compared to its average volume of 906,762. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.44. The company has a market cap of $18.94 billion, a P/E ratio of 17.10, a PEG ratio of 1.11 and a beta of 1.42. The firm has a fifty day simple moving average of $148.69 and a 200 day simple moving average of $162.92. Dover Co. has a 12-month low of $128.31 and a 12-month high of $184.04.

Dover (NYSE:DOVGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The industrial products company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a return on equity of 27.82% and a net margin of 13.81%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 earnings per share. As a group, sell-side analysts expect that Dover Co. will post 8.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, May 27th. Dover’s dividend payout ratio (DPR) is presently 26.04%.

Several research firms have recently issued reports on DOV. Royal Bank of Canada lowered their target price on shares of Dover from $170.00 to $162.00 and set a “sector perform” rating on the stock in a research note on Friday, April 22nd. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft cut their price target on Dover from $187.00 to $182.00 and set a “hold” rating for the company in a report on Thursday, April 14th. Citigroup raised their price target on Dover from $218.00 to $221.00 in a research report on Friday, January 28th. Finally, Barclays cut their price target on Dover from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Friday, April 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $175.08.

In other news, SVP David J. Malinas purchased 350 shares of the stock in a transaction dated Monday, April 25th. The stock was acquired at an average cost of $139.44 per share, for a total transaction of $48,804.00. Following the completion of the transaction, the senior vice president now directly owns 2,744 shares in the company, valued at approximately $382,623.36. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard J. Tobin sold 31,515 shares of the firm’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $156.91, for a total value of $4,945,018.65. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Dover Company Profile (Get Rating)

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The Engineered Products segment provides various equipment, component, software, solution, and services that are used in aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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Institutional Ownership by Quarter for Dover (NYSE:DOV)

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