Axa S.A. Reduces Stock Holdings in Dover Co. (NYSE:DOV)

AXA S.A. trimmed its holdings in Dover Co. (NYSE:DOV - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 262,317 shares of the industrial products company's stock after selling 11,905 shares during the quarter. AXA S.A. owned 0.19% of Dover worth $49,211,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock worth $69,082,000 after buying an additional 75,670 shares during the period. World Investment Advisors LLC increased its stake in Dover by 4.2% in the 3rd quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company's stock worth $626,000 after purchasing an additional 131 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Dover in the third quarter valued at approximately $525,000. Tidal Investments LLC boosted its stake in shares of Dover by 10.8% during the third quarter. Tidal Investments LLC now owns 10,917 shares of the industrial products company's stock valued at $2,093,000 after purchasing an additional 1,063 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Dover by 35.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,514 shares of the industrial products company's stock worth $1,624,000 after purchasing an additional 2,236 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Down 1.2 %

Shares of DOV traded down $2.12 on Tuesday, hitting $170.90. 699,639 shares of the stock traded hands, compared to its average volume of 969,524. Dover Co. has a one year low of $143.04 and a one year high of $222.31. The company has a market capitalization of $23.43 billion, a PE ratio of 8.79, a P/E/G ratio of 2.06 and a beta of 1.28. The business has a 50 day simple moving average of $172.81 and a 200 day simple moving average of $188.67. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The industrial products company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a return on equity of 21.03% and a net margin of 32.95%. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The company's revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 annualized dividend and a dividend yield of 1.21%. Dover's payout ratio is 12.41%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DOV. JPMorgan Chase & Co. dropped their price target on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $176.00 price target on shares of Dover in a research report on Friday, April 25th. StockNews.com cut Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Barclays boosted their price target on shares of Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 target price (up previously from $220.00) on shares of Dover in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $206.33.

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.