Dover Co. (NYSE:DOV) Position Lessened by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. decreased its position in shares of Dover Co. (NYSE:DOV - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,402 shares of the industrial products company's stock after selling 4,336 shares during the period. Dover makes up approximately 3.4% of Mcdaniel Terry & Co.'s holdings, making the stock its 7th largest holding. Mcdaniel Terry & Co. owned approximately 0.15% of Dover worth $31,665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOV. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Dover during the fourth quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc bought a new stake in Dover in the 4th quarter worth approximately $31,000. Concord Wealth Partners bought a new stake in Dover in the 4th quarter worth approximately $41,000. Fairfield Bush & CO. bought a new stake in Dover in the 1st quarter worth approximately $48,000. Finally, Crewe Advisors LLC grew its position in Dover by 57.7% in the 4th quarter. Crewe Advisors LLC now owns 399 shares of the industrial products company's stock worth $54,000 after purchasing an additional 146 shares during the period. 83.77% of the stock is owned by institutional investors.

In other Dover news, CFO Brad M. Cerepak sold 17,769 shares of Dover stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $139.03, for a total transaction of $2,470,424.07. Following the transaction, the chief financial officer now directly owns 54,569 shares in the company, valued at approximately $7,586,728.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.

Shares of NYSE:DOV traded down $2.51 on Wednesday, hitting $142.97. 1,014,904 shares of the company's stock were exchanged, compared to its average volume of 871,388. The firm's 50-day moving average is $144.43 and its 200 day moving average is $145.73. The company has a market capitalization of $20.00 billion, a PE ratio of 20.15, a P/E/G ratio of 1.42 and a beta of 1.34. Dover Co. has a 1-year low of $114.49 and a 1-year high of $160.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.83 and a current ratio of 1.41.

Dover (NYSE:DOV - Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $2.05 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.16). The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.20 billion. Dover had a net margin of 12.04% and a return on equity of 27.33%. The firm's revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.14 earnings per share. Sell-side analysts predict that Dover Co. will post 8.9 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.505 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $2.02 dividend on an annualized basis and a yield of 1.41%. Dover's dividend payout ratio (DPR) is 27.98%.

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of Dover from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, April 11th. Wells Fargo & Company dropped their target price on shares of Dover from $155.00 to $152.00 in a research note on Monday, July 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dover from $147.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday, April 12th. StockNews.com began coverage on shares of Dover in a report on Thursday, May 18th. They issued a "buy" rating for the company. Finally, Robert W. Baird raised their price target on shares of Dover from $170.00 to $174.00 and gave the stock an "outperform" rating in a report on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dover currently has an average rating of "Moderate Buy" and a consensus target price of $162.38.

Get Our Latest Report on DOV

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 aftermarket vehicle service, solid waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.

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