Dover Co. (NYSE:DOV) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in shares of Dover Co. (NYSE:DOV) by 33.4% in the 4th quarter, HoldingsChannel reports. The firm owned 2,149 shares of the industrial products company’s stock after selling 1,079 shares during the quarter. Blue Trust Inc.’s holdings in Dover were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DOV. Financial Life Planners purchased a new position in shares of Dover during the fourth quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in Dover during the 3rd quarter worth about $33,000. R Squared Ltd acquired a new stake in Dover during the 4th quarter worth about $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Dover in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.1 %

Shares of NYSE:DOV opened at $202.46 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. The stock’s 50-day moving average is $195.27 and its 200-day moving average is $191.88. The company has a market cap of $27.78 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.03 and a beta of 1.24. Dover Co. has a 52-week low of $159.48 and a 52-week high of $222.31.

Dover (NYSE:DOV) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities research analysts predict that Dover Co. will post 9.47 earnings per share for the current year.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, February 28th. Dover’s payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOV. StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Barclays upped their target price on Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

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.