Fisher Asset Management LLC Has $253.63 Million Stake in Dover Co. (NYSE:DOV)

Fisher Asset Management LLC reduced its holdings in Dover Co. (NYSE:DOV - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,648,982 shares of the industrial products company's stock after selling 26,180 shares during the period. Fisher Asset Management LLC owned 1.18% of Dover worth $253,630,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DOV. CX Institutional grew 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 worth $759,000 after purchasing an additional 72 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Dover by 0.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,076 shares of the industrial products company's stock valued at $2,801,000 after acquiring an additional 83 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Dover by 8.1% in the 3rd quarter. Lindbrook Capital LLC now owns 1,225 shares of the industrial products company's stock valued at $171,000 after buying an additional 92 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Dover by 2.7% during the third quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company's stock valued at $534,000 after acquiring an additional 101 shares during the last quarter. Finally, American Trust lifted its holdings in shares of Dover by 0.6% during the third quarter. American Trust now owns 18,724 shares of the industrial products company's stock worth $2,612,000 after purchasing an additional 112 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on DOV. Seaport Res Ptn raised Dover from a "neutral" rating to a "buy" rating in a research note on Monday, February 5th. Barclays lifted their price objective on shares of Dover from $180.00 to $186.00 and gave the company an "equal weight" rating in a research note on Friday, April 26th. Oppenheimer raised their price target on shares of Dover from $187.00 to $197.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Mizuho upped their price objective on shares of Dover from $180.00 to $185.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, StockNews.com upgraded Dover from a "hold" rating to a "buy" rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $185.75.

Insider Buying and Selling at Dover

In related news, Director Stephen M. Todd sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $171.19, for a total transaction of $256,785.00. Following the completion of the transaction, the director now owns 22,955 shares in the company, valued at $3,929,666.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $3,001,014.10. Following the transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen M. Todd sold 1,500 shares of Dover stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $171.19, for a total transaction of $256,785.00. Following the transaction, the director now owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders sold a total of 25,910 shares of company stock worth $4,318,059 over the last three months. Company insiders own 1.30% of the company's stock.

Dover Price Performance

Shares of DOV traded up $1.50 during mid-day trading on Friday, reaching $179.05. 1,273,495 shares of the stock traded hands, compared to its average volume of 996,180. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average price of $173.14 and a 200 day moving average price of $155.36. Dover Co. has a 1 year low of $127.25 and a 1 year high of $182.33. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.25.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates 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 25.04% and a net margin of 17.28%. Dover's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, equities research analysts predict that Dover Co. will post 9.1 earnings per share for the current year.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.14%. Dover's payout ratio is presently 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.