Dover Co. (NYSE:DOV) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,428,878 shares of the industrial products company's stock after purchasing an additional 140,089 shares during the period. Dimensional Fund Advisors LP owned approximately 1.02% of Dover worth $219,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. lifted its stake in shares of Dover by 1.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,753 shares of the industrial products company's stock valued at $577,000 after purchasing an additional 63 shares during the period. CX Institutional raised its holdings in Dover by 1.5% in 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 during the period. Lincoln National Corp boosted its position in Dover by 2.3% during the fourth quarter. Lincoln National Corp now owns 3,624 shares of the industrial products company's stock worth $558,000 after purchasing an additional 83 shares in the last quarter. Lido Advisors LLC grew its holdings in Dover by 2.7% in the third quarter. Lido Advisors LLC now owns 3,828 shares of the industrial products company's stock valued at $534,000 after purchasing an additional 101 shares during the period. Finally, American Trust increased its position in shares of Dover by 0.6% in the third quarter. American Trust now owns 18,724 shares of the industrial products company's stock valued at $2,612,000 after buying an additional 112 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Oppenheimer boosted 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. Seaport Res Ptn upgraded Dover from a "neutral" rating to a "buy" rating in a report on Monday, February 5th. Royal Bank of Canada raised their target price on Dover from $146.00 to $153.00 and gave the company a "sector perform" rating in a research report on Friday, February 2nd. Mizuho increased their price objective on Dover from $180.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Finally, Barclays lifted their target price on shares of Dover from $180.00 to $186.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Dover has a consensus rating of "Moderate Buy" and a consensus price target of $185.75.

Insider Buying and Selling at Dover

In other news, CFO Brad M. Cerepak sold 18,410 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 23,909 shares in the company, valued at approximately $3,897,406.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Brad M. Cerepak sold 6,000 shares of the business's 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 sale, the chief financial officer now owns 17,909 shares in the company, valued at approximately $3,164,699.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brad M. Cerepak sold 18,410 shares of the stock in a transaction dated 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 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. Insiders own 1.30% of the company's stock.

Dover Trading Up 0.8 %

DOV stock traded up $1.46 during trading on Wednesday, reaching $185.17. 720,655 shares of the stock were exchanged, compared to its average volume of 977,791. The business has a 50 day moving average price of $175.93 and a 200-day moving average price of $158.41. Dover Co. has a 1 year low of $127.25 and a 1 year high of $186.50. 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 market capitalization of $25.45 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.90 and a beta of 1.25.

Dover (NYSE:DOV - Get Free Report) last issued its quarterly earnings data 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. Dover had a return on equity of 25.04% and a net margin of 17.28%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts predict that Dover Co. will post 9.1 earnings per share for the current year.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, May 30th. Dover's dividend payout ratio (DPR) is presently 19.60%.

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.