New York State Common Retirement Fund Has $25.18 Million Stock Holdings in Dover Co. (NYSE:DOV)

New York State Common Retirement Fund cut its holdings in Dover Co. (NYSE:DOV - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,725 shares of the industrial products company's stock after selling 18,053 shares during the period. New York State Common Retirement Fund owned 0.12% of Dover worth $25,183,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CX Institutional increased its position in shares of Dover by 1.5% during the 4th quarter. CX Institutional now owns 4,933 shares of the industrial products company's stock valued at $759,000 after purchasing an additional 72 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Dover by 0.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,076 shares of the industrial products company's stock worth $2,801,000 after buying an additional 83 shares in the last quarter. Lindbrook Capital LLC lifted its stake in shares of Dover by 8.1% during the 3rd quarter. Lindbrook Capital LLC now owns 1,225 shares of the industrial products company's stock worth $171,000 after purchasing an additional 92 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of Dover by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company's stock worth $534,000 after purchasing an additional 101 shares during the last quarter. Finally, JGP Wealth Management LLC raised its stake in Dover by 1.1% in the third quarter. JGP Wealth Management LLC now owns 9,918 shares of the industrial products company's stock valued at $1,384,000 after buying an additional 109 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Dover from $180.00 to $186.00 and gave the company an "equal weight" rating in a report on Friday. Wells Fargo & Company boosted their price objective on Dover from $177.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Friday. Royal Bank of Canada upped their price target on Dover from $146.00 to $153.00 and gave the company a "sector perform" rating in a research note on Friday, February 2nd. Robert W. Baird boosted their price objective on Dover from $185.00 to $208.00 and gave the company an "outperform" rating in a report on Friday. Finally, Mizuho increased their price objective on Dover from $180.00 to $185.00 and gave the company a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $185.75.

Insider Transactions at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the firm's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $163.01, for a total transaction of $3,001,014.10. Following the sale, the chief financial officer now owns 23,909 shares in the company, valued at $3,897,406.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brad M. Cerepak sold 6,000 shares of Dover stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.71, for a total value of $1,060,260.00. Following the transaction, the chief financial officer now owns 17,909 shares in the company, valued at $3,164,699.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brad M. Cerepak sold 18,410 shares of Dover stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $163.01, for a total value of $3,001,014.10. Following the completion of the transaction, the chief financial officer now owns 23,909 shares in the company, valued at approximately $3,897,406.09. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock worth $4,318,059 over the last quarter. 1.30% of the stock is currently owned by insiders.

Dover Price Performance

Dover stock traded up $1.06 during mid-day trading on Friday, hitting $180.17. 1,104,050 shares of the company were exchanged, compared to its average volume of 933,109. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.40 and a quick ratio of 0.90. The business's 50 day simple moving average is $171.75 and its two-hundred day simple moving average is $154.38. The company has a market capitalization of $24.75 billion, a P/E ratio of 17.31, a PEG ratio of 1.85 and a beta of 1.27. Dover Co. has a 12-month low of $127.25 and a 12-month high of $181.49.

Dover (NYSE:DOV - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.03 billion. Dover had a return on equity of 25.41% and a net margin of 17.28%. Dover's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 earnings per share. Analysts forecast that Dover Co. will post 9.09 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, February 28th. Dover's dividend payout ratio (DPR) is 19.60%.

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.