First Trust Advisors LP Sells 30,816 Shares of Dover Co. (NYSE:DOV)

First Trust Advisors LP cut its position in Dover Co. (NYSE:DOV - Free Report) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,122 shares of the industrial products company's stock after selling 30,816 shares during the quarter. First Trust Advisors LP owned 0.09% of Dover worth $23,098,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock valued at $69,082,000 after purchasing an additional 75,670 shares during the period. Advisory Resource Group raised its position in shares of Dover by 2.3% during the third quarter. Advisory Resource Group now owns 24,721 shares of the industrial products company's stock worth $4,740,000 after acquiring an additional 557 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Dover by 85.1% in the third quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company's stock worth $2,756,000 after acquiring an additional 6,608 shares during the period. Anchor Investment Management LLC boosted its holdings in Dover by 4.1% in the third quarter. Anchor Investment Management LLC now owns 3,241 shares of the industrial products company's stock valued at $621,000 after acquiring an additional 128 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in Dover by 4.2% during the 3rd quarter. World Investment Advisors LLC now owns 3,267 shares of the industrial products company's stock valued at $626,000 after purchasing an additional 131 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Up 0.1 %

Shares of NYSE DOV traded up $0.12 during trading on Thursday, hitting $170.77. The stock had a trading volume of 219,281 shares, compared to its average volume of 970,176. The firm has a fifty day moving average of $174.89 and a two-hundred day moving average of $189.30. The company has a market capitalization of $23.41 billion, a PE ratio of 8.80, a PEG ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31.

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

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.21%. Dover's dividend payout ratio (DPR) is presently 12.41%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DOV shares. Robert W. Baird lowered their target price on Dover from $238.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Dover from $230.00 to $189.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Wells Fargo & Company lifted their price target on shares of Dover from $200.00 to $215.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 price objective (up previously from $220.00) on shares of Dover in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.33.

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.