Vanguard Personalized Indexing Management LLC Sells 8,416 Shares of Dover Co. (NYSE:DOV)

Vanguard Personalized Indexing Management LLC cut its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 44.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,546 shares of the industrial products company's stock after selling 8,416 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Dover were worth $1,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOV. AdvisorNet Financial Inc boosted its stake in shares of Dover by 783.3% during the 4th quarter. AdvisorNet Financial Inc now owns 212 shares of the industrial products company's stock valued at $33,000 after buying an additional 188 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Dover during the fourth quarter worth approximately $33,000. Life Planning Partners Inc bought a new stake in shares of Dover in the fourth quarter valued at approximately $35,000. Orion Capital Management LLC acquired a new stake in Dover during the third quarter worth about $32,000. Finally, Headinvest LLC bought a new position in Dover in the third quarter worth $32,000. 84.46% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 sale, the chief financial officer now owns 23,909 shares of the company's stock, valued at approximately $3,897,406.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Brad M. Cerepak sold 18,410 shares of Dover 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 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Todd sold 1,500 shares of the business's 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 sale, the director now directly owns 22,955 shares in the company, valued at approximately $3,929,666.45. The disclosure for this sale can be found here. Insiders have sold 25,910 shares of company stock valued at $4,318,059 in the last ninety days. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOV. Mizuho upped their target price on shares of Dover from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Wells Fargo & Company lifted their price objective on Dover from $177.00 to $190.00 and gave the company an "equal weight" rating in a research report on Friday, April 26th. StockNews.com raised shares of Dover from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Dover from $187.00 to $197.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Dover from $146.00 to $153.00 and gave the stock a "sector perform" rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Dover presently has an average rating of "Moderate Buy" and an average price target of $185.75.

Dover Stock Performance

Shares of DOV traded down $0.05 during mid-day trading on Friday, hitting $184.09. 1,688,722 shares of the company's stock were exchanged, compared to its average volume of 1,100,209. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25. The stock's 50-day simple moving average is $176.73 and its 200-day simple moving average is $159.36. Dover Co. has a 52 week low of $127.25 and a 52 week high of $186.50.

Dover (NYSE:DOV - Get Free Report) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. Dover had a net margin of 17.28% and a return on equity of 25.04%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. On average, equities research analysts expect that Dover Co. will post 9.1 EPS for the current year.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.11%. 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.