Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 19,500 Shares of Dover Co. (NYSE:DOV)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 35.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,662 shares of the industrial products company’s stock after selling 19,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dover were worth $6,690,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new stake in Dover during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new stake in Dover during the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new stake in Dover during the 4th quarter worth approximately $34,000. Kieckhefer Group LLC bought a new stake in Dover during the 4th quarter worth approximately $38,000. Finally, Golden State Wealth Management LLC bought a new stake in Dover during the 4th quarter worth approximately $46,000. 84.46% of the stock is owned by institutional investors.

Dover Trading Down 0.6 %

Shares of Dover stock opened at $199.36 on Tuesday. The business has a fifty day simple moving average of $195.51 and a two-hundred day simple moving average of $192.90. Dover Co. has a 1 year low of $163.07 and a 1 year high of $222.31. The company has a market capitalization of $27.36 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 2.06 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52.

Dover (NYSE:DOV) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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%. Research analysts forecast that Dover Co. will post 9.45 EPS 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 1.03%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DOV. Wells Fargo & Company increased their target price on 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 raised their price target on shares of Dover from $196.00 to $214.00 and gave the stock a “sector perform” 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 for the company in a research note on Friday, January 31st. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a research note on Monday, October 28th. Finally, The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dover has a consensus 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.