Whittier Trust Co. of Nevada Inc. Has $181,000 Stock Position in Dover Co. (NYSE:DOV)

Whittier Trust Co. of Nevada Inc. lifted its stake in Dover Co. (NYSE:DOV) by 23.1% during the 4th quarter, HoldingsChannel reports. The fund owned 966 shares of the industrial products company’s stock after buying an additional 181 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Dover were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Douglass Winthrop Advisors LLC boosted its stake in Dover by 2.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 83,423 shares of the industrial products company’s stock worth $15,650,000 after buying an additional 1,960 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Dover by 4.5% during the fourth quarter. Teacher Retirement System of Texas now owns 335,689 shares of the industrial products company’s stock worth $62,975,000 after buying an additional 14,380 shares in the last quarter. SageOak Financial LLC acquired a new stake in Dover during the fourth quarter worth $634,000. Xponance Inc. boosted its stake in Dover by 8.0% during the fourth quarter. Xponance Inc. now owns 20,489 shares of the industrial products company’s stock worth $3,844,000 after buying an additional 1,511 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in Dover during the fourth quarter worth $1,252,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 0.8 %

Shares of NYSE DOV opened at $179.78 on Monday. The firm’s 50-day simple moving average is $194.60 and its 200 day simple moving average is $193.62. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.24. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Dover Co. has a 12-month low of $168.20 and a 12-month high of $222.31.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. On average, research analysts expect that Dover Co. will post 9.45 earnings per share for the current fiscal year.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.515 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.15%. Dover’s dividend payout ratio (DPR) is 10.59%.

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. UBS Group decreased their price target on shares of Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group upped their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

About Dover

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.