Treasurer of the State of North Carolina Has $11.31 Million Holdings in Dover Co. (NYSE:DOV)

Treasurer of the State of North Carolina lowered its stake in Dover Co. (NYSE:DOV) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,308 shares of the industrial products company’s stock after selling 160 shares during the period. Treasurer of the State of North Carolina’s holdings in Dover were worth $11,314,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in Dover by 2.1% in the fourth 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 during the last quarter. ORG Partners LLC increased its stake in shares of Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares during the last quarter. Trust Point Inc. raised its holdings in shares of Dover by 3.1% during the 4th 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. JGP Wealth Management LLC lifted its position in shares of Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after buying an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Dover by 3.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 70 shares during the last quarter. 84.46% of the stock is owned by institutional investors.

Dover Stock Up 1.7 %

Shares of DOV opened at $162.23 on Friday. The company has a market capitalization of $22.24 billion, a PE ratio of 8.34, a PEG ratio of 2.06 and a beta of 1.24. The stock’s 50-day moving average price is $184.81 and its two-hundred day moving average price is $191.50. The company has a current ratio of 2.04, a quick ratio of 1.52 and a debt-to-equity ratio of 0.36. Dover Co. has a 12 month low of $143.04 and a 12 month high of $222.31.

Dover (NYSE:DOV) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 EPS for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. On average, analysts anticipate that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s dividend payout ratio (DPR) is presently 10.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Dover from $230.00 to $189.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company raised their target price on shares of Dover from $200.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a report on Monday, January 13th. Barclays cut their price objective on Dover from $205.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, UBS Group lowered their target price on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Dover currently has a consensus rating of “Moderate Buy” and an average target price of $212.18.

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.