Dover Co. (NYSE:DOV) Shares Sold by PGGM Investments

PGGM Investments trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 73,735 shares of the industrial products company’s stock after selling 1,875 shares during the quarter. PGGM Investments’ holdings in Dover were worth $11,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of Dover during the 3rd quarter valued at approximately $32,000. Headinvest LLC purchased a new position in shares of Dover during the 3rd quarter valued at approximately $32,000. Exchange Traded Concepts LLC purchased a new position in shares of Dover during the 4th quarter valued at approximately $33,000. AdvisorNet Financial Inc increased its holdings in shares of Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 188 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Dover during the 4th quarter valued at approximately $35,000. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Price Performance

DOV traded up $1.06 on Friday, hitting $180.17. 1,104,050 shares of the company’s stock were exchanged, compared to its average volume of 933,109. The firm has a 50-day moving average price of $171.75 and a 200-day moving average price of $154.38. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 1.87 and a beta of 1.27. Dover Co. has a fifty-two week low of $127.25 and a fifty-two week high of $181.49.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.41%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, equities analysts anticipate that Dover Co. will post 9.1 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.13%. Dover’s payout ratio is currently 19.60%.

Analyst Ratings Changes

Several brokerages recently commented on DOV. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a report on Friday. Barclays boosted their price target on shares of Dover from $180.00 to $186.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of Dover from $177.00 to $190.00 and gave the stock an “equal weight” rating in a report on Friday. Oppenheimer boosted their price target on shares of Dover from $187.00 to $197.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Seaport Res Ptn raised shares of Dover from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $185.75.

Insider Buying and Selling at Dover

In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dover news, CFO Brad M. Cerepak sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares of the company’s stock, valued at $3,164,699.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Todd sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 over the last 90 days. 1.30% of the stock is owned by insiders.

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.