Vest Financial LLC Sells 30,121 Shares of Dover Co. (NYSE:DOV)

Vest Financial LLC trimmed its position in shares of Dover Co. (NYSE:DOV - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,062 shares of the industrial products company's stock after selling 30,121 shares during the period. Vest Financial LLC owned 0.20% of Dover worth $48,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Dover by 79.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 197 shares of the industrial products company's stock worth $37,000 after acquiring an additional 87 shares during the period. Orion Capital Management LLC bought a new position in shares of Dover in the fourth quarter worth $43,000. Golden State Wealth Management LLC bought a new position in shares of Dover in the fourth quarter worth $46,000. Mainstream Capital Management LLC bought a new position in shares of Dover in the fourth quarter worth $61,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Dover in the fourth quarter worth $68,000. 84.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DOV. Robert W. Baird cut their price target on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Morgan Stanley initiated coverage on Dover in a research report on Monday, April 14th. They issued an "equal weight" rating and a $185.00 price objective on the stock. Barclays increased their price objective on Dover from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Mizuho set a $215.00 price objective on Dover in a research report on Friday, May 16th. 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 research report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.75.

Dover Trading Down 0.3%

NYSE DOV opened at $177.09 on Friday. The stock's 50-day simple moving average is $171.44 and its two-hundred day simple moving average is $186.36. Dover Co. has a twelve month low of $143.04 and a twelve month 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 company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.06 and a beta of 1.28.

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

Dover Dividend Announcement

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 paid a dividend of $0.515 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.16%. Dover's dividend payout ratio (DPR) 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.

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