Securian Asset Management Inc. Sells 200 Shares of Dover Co. (NYSE:DOV)

Securian Asset Management Inc. lowered its position in Dover Co. (NYSE:DOV) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 7,349 shares of the industrial products company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Dover were worth $1,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DOV. Amundi boosted its holdings in Dover by 42.3% in the fourth quarter. Amundi now owns 648,525 shares of the industrial products company’s stock worth $121,417,000 after acquiring an additional 192,908 shares in the last quarter. Raymond James Financial Inc. bought a new position in Dover in the fourth quarter worth approximately $30,741,000. Proficio Capital Partners LLC bought a new position in Dover in the fourth quarter worth approximately $28,718,000. FMR LLC boosted its holdings in 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 acquiring an additional 149,378 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after purchasing an additional 144,930 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE:DOV opened at $181.15 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.04 and a quick ratio of 1.52. The business has a fifty day simple moving average of $195.12 and a two-hundred day simple moving average of $193.49. Dover Co. has a 1 year low of $168.20 and a 1 year high of $222.31. The company has a market capitalization of $24.86 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24.

Dover (NYSE:DOV) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (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 expect that Dover Co. will post 9.45 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, February 28th. Dover’s payout ratio is currently 10.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DOV shares. Royal Bank of Canada increased their price objective on Dover from $196.00 to $214.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group lowered their price objective on Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus target price 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.