Achmea Investment Management B.V. Sells 3,061 Shares of Dover Co. (NYSE:DOV)

Achmea Investment Management B.V. decreased its holdings in Dover Co. (NYSE:DOV) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,654 shares of the industrial products company’s stock after selling 3,061 shares during the period. Achmea Investment Management B.V.’s holdings in Dover were worth $2,937,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DOV. State Street Corp lifted its position in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after buying an additional 56,149 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 25,993 shares in the last quarter. FMR LLC lifted its position in shares of 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 buying 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 shares of Dover by 1.8% in 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 worth $188,815,000 after buying an additional 17,193 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dover by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 828,103 shares of the industrial products company’s stock worth $155,352,000 after buying an additional 16,763 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DOV. Royal Bank of Canada boosted their target price on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Barclays upped their price objective on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Dover in a research report on Friday, January 31st. Citigroup decreased their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group decreased their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.91.

Dover Trading Up 2.3 %

Shares of NYSE DOV opened at $181.15 on Friday. 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 business’s 50 day moving average price is $195.12 and its 200-day moving average price is $193.49. Dover Co. has a fifty-two week low of $168.20 and a fifty-two week high of $222.31. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting 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 expect 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 was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.06 annualized dividend and a yield of 1.14%. Dover’s dividend payout ratio (DPR) is currently 10.59%.

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.