Dover Co. (NYSE:DOV) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Dover Co. (NYSE:DOV - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,700 shares of the industrial products company's stock after selling 40,600 shares during the quarter. Two Sigma Advisers LP owned 0.10% of Dover worth $26,958,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ecofi Investissements SA increased its position in shares of Dover by 1.1% in the 4th quarter. Ecofi Investissements SA now owns 4,400 shares of the industrial products company's stock worth $765,000 after purchasing an additional 50 shares during the last quarter. Spire Wealth Management increased 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 worth $464,000 after purchasing an additional 52 shares during the last quarter. Trust Point Inc. increased 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 worth $367,000 after purchasing an additional 59 shares during the last quarter. Lido Advisors LLC increased its position in shares of Dover by 1.4% in 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company's stock worth $450,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOV. Robert W. Baird dropped their target price on shares of Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley started coverage on shares of Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 target price for the company. UBS Group lowered their price objective on shares of Dover from $217.00 to $211.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Mizuho set a $215.00 price objective on shares of Dover in a research report on Friday, May 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dover has a consensus rating of "Moderate Buy" and an average target price of $207.75.

Dover Stock Performance

NYSE DOV traded down $2.06 on Friday, hitting $177.79. The stock had a trading volume of 1,170,165 shares, compared to its average volume of 974,058. Dover Co. has a one year low of $143.04 and a one year high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock has a market cap of $24.38 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 2.06 and a beta of 1.28. The company's 50-day moving average is $171.88 and its two-hundred day moving average is $187.74.

Dover (NYSE:DOV - Get Free Report) last posted its earnings results on Thursday, April 24th. The industrial products company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.99 by $0.06. Dover had a net margin of 32.95% and a return on equity of 21.03%. 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 prior year, the firm earned $1.95 EPS. Dover's quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 1.16%. The ex-dividend date is Friday, May 30th. Dover's dividend payout ratio is currently 12.41%.

Dover 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.