Savant Capital LLC Sells 1,928 Shares of Dover Co. (NYSE:DOV)

Savant Capital LLC reduced its holdings in Dover Co. (NYSE:DOV) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,583 shares of the industrial products company’s stock after selling 1,928 shares during the quarter. Savant Capital LLC’s holdings in Dover were worth $1,235,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC grew its stake in Dover by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after purchasing an additional 25,993 shares during the period. FMR LLC raised its holdings in Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after purchasing an additional 149,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after buying an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after buying an additional 9,464 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Stock Performance

Shares of NYSE DOV opened at $202.46 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average price is $195.26 and its 200-day moving average price is $191.61. Dover Co. has a 52-week low of $159.48 and a 52-week high of $222.31. The company has a market cap of $27.78 billion, a PE ratio of 10.41, a PEG ratio of 2.03 and a beta of 1.24.

Dover (NYSE:DOV) last released its quarterly 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%. As a group, analysts anticipate that Dover Co. will post 9.47 EPS for the current year.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. Dover’s payout ratio is 10.59%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DOV. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $225.00 price target (up from $220.00) on shares of Dover in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Dover from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. Finally, StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

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.