National Pension Service Acquires 2,730 Shares of Dover Co. (NYSE:DOV)

National Pension Service raised its holdings in Dover Co. (NYSE:DOV – Get Rating) by 1.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 223,162 shares of the industrial products company’s stock after acquiring an additional 2,730 shares during the quarter. National Pension Service owned approximately 0.16% of Dover worth $30,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new position in Dover in the 4th quarter valued at $29,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Dover during the 4th quarter worth $31,000. Concord Wealth Partners bought a new position in shares of Dover during the 4th quarter worth $41,000. Fairfield Bush & CO. bought a new position in shares of Dover during the 1st quarter worth $48,000. Finally, Crewe Advisors LLC grew its position in shares of Dover by 57.7% during the 4th quarter. Crewe Advisors LLC now owns 399 shares of the industrial products company’s stock worth $54,000 after buying an additional 146 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.

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Analysts Set New Price Targets

DOV has been the topic of a number of recent research reports. Credit Suisse Group reissued an “outperform” rating and set a $174.00 price target on shares of Dover in a research report on Thursday, March 9th. StockNews.com began coverage on Dover in a research note on Thursday, May 18th. They set a “buy” rating for the company. Wells Fargo & Company decreased their price objective on Dover from $157.00 to $155.00 and set an “equal weight” rating for the company in a research note on Thursday, April 13th. Barclays decreased their price objective on Dover from $141.00 to $138.00 and set an “equal weight” rating for the company in a research note on Thursday, April 6th. Finally, Citigroup upped their price objective on Dover from $175.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $162.31.

Insider Transactions at Dover

In related news, CFO Brad M. Cerepak sold 17,769 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $139.03, for a total transaction of $2,470,424.07. Following the sale, the chief financial officer now directly owns 54,569 shares of the company’s stock, valued at $7,586,728.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Dover Trading Up 0.4 %

Shares of NYSE:DOV opened at $147.73 on Friday. Dover Co. has a 52-week low of $114.49 and a 52-week high of $160.66. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.17 and a beta of 1.35. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $142.47 and a 200-day moving average price of $143.64.

Dover (NYSE:DOV – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.94. Dover had a return on equity of 28.27% and a net margin of 12.51%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period last year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts predict that Dover Co. will post 9 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were paid a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, May 30th. Dover’s payout ratio is 26.93%.

Dover Company Profile

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Dover Corp. operates as a manufacturer and solutions provider delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services. It operates through the following segments: Engineered Products, Clean Energy and Fueling, Imaging and Identification, Pumps and Process Solutions, and Climate and Sustainability Technologies.