Aurora Investment Counsel Sells 9,124 Shares of Dover Co. (NYSE:DOV)

Aurora Investment Counsel lowered its stake in Dover Co. (NYSE:DOV) by 87.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,324 shares of the industrial products company’s stock after selling 9,124 shares during the quarter. Aurora Investment Counsel’s holdings in Dover were worth $248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DOV. Spire Wealth Management lifted its position in Dover by 2.1% in the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 52 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC boosted its position in shares of Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the period. Trust Point Inc. grew its holdings in shares of Dover by 3.1% during the fourth quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after buying an additional 59 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in Dover by 2.7% in the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $176.93 on Friday. The company has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 52 week low of $168.20 and a 52 week high of $222.31. The company has a 50-day simple moving average of $195.43 and a 200 day simple moving average of $193.63.

Dover (NYSE:DOV) last posted its earnings results on Thursday, January 30th. The industrial products company reported $2.20 EPS 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%. On average, sell-side analysts predict that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is 10.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DOV shares. Royal Bank of Canada upped their price target on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Citigroup cut their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays increased their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Dover from a “hold” rating to a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus 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.