Public Employees Retirement System of Ohio Has $9.43 Million Holdings in Dover Co. (NYSE:DOV)

Public Employees Retirement System of Ohio lowered its position in Dover Co. (NYSE:DOV - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,283 shares of the industrial products company's stock after selling 3,378 shares during the period. Public Employees Retirement System of Ohio's holdings in Dover were worth $9,433,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Ecofi Investissements SA increased its holdings in shares of Dover by 1.1% in the fourth quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after acquiring an additional 50 shares in the last quarter. Spire Wealth Management grew its position in shares of Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company's stock valued at $464,000 after purchasing an additional 52 shares during the period. Trust Point Inc. grew its position in shares of Dover by 3.1% in the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 59 shares during the period. Lido Advisors LLC increased its stake in Dover by 1.4% during the 4th quarter. Lido Advisors LLC now owns 4,918 shares of the industrial products company's stock worth $923,000 after purchasing an additional 69 shares in the last quarter. Finally, Catalina Capital Group LLC raised its holdings in Dover by 4.2% during the 4th quarter. Catalina Capital Group LLC now owns 1,745 shares of the industrial products company's stock worth $327,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 84.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DOV shares. Wall Street Zen cut shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $176.00 target price on shares of Dover in a research note on Friday, April 25th. Barclays lifted their price target on Dover from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Oppenheimer restated an "outperform" rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on Dover from $190.00 to $211.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.75.

Dover Stock Down 1.2%

DOV traded down $2.26 on Wednesday, hitting $179.30. 537,364 shares of the company were exchanged, compared to its average volume of 971,160. The stock's fifty day moving average is $171.78 and its 200-day moving average is $187.38. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The company has a market cap of $24.58 billion, a PE ratio of 9.22, a PEG ratio of 2.06 and a beta of 1.28.

Dover (NYSE:DOV - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The industrial products company reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. Dover had a return on equity of 21.03% and a net margin of 32.95%. The business's revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. Equities research analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

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.