State of Alaska Department of Revenue Sells 4,761 Shares of Dover Co. (NYSE:DOV)

State of Alaska Department of Revenue cut its stake in shares of Dover Co. (NYSE:DOV) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,645 shares of the industrial products company’s stock after selling 4,761 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dover were worth $2,935,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of Dover during the 4th quarter worth about $28,000. Ashton Thomas Securities LLC bought a new position in Dover in the third quarter worth approximately $33,000. R Squared Ltd acquired a new stake in Dover in the fourth quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover during the fourth quarter valued at approximately $38,000. Finally, Avior Wealth Management LLC raised its position in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the period. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Down 1.0 %

DOV stock opened at $202.59 on Monday. Dover Co. has a 1-year low of $158.19 and a 1-year high of $222.31. The stock has a market cap of $27.79 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.03 and a beta of 1.24. The stock’s fifty day simple moving average is $195.31 and its two-hundred day simple moving average is $191.11. 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 (NYSE:DOV) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, meeting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Analysts expect that Dover Co. will post 9.47 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DOV. Royal Bank of Canada lifted their price target on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Citigroup dropped their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Dover in a research note on Friday, January 31st. Finally, Mizuho raised their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.91.

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.