Dover Co. (NYSE:DOV) Position Lessened by Bill Few Associates Inc.

Bill Few Associates Inc. trimmed its holdings in Dover Co. (NYSE:DOV) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,225 shares of the industrial products company’s stock after selling 100 shares during the period. Bill Few Associates Inc.’s holdings in Dover were worth $417,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Versor Investments LP acquired a new position in shares of Dover during the 3rd quarter worth about $1,920,000. Brendel Financial Advisors LLC grew its position in Dover by 347.7% in the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after acquiring an additional 17,685 shares during the period. Principal Financial Group Inc. increased its position in shares of Dover by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after purchasing an additional 5,372 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after buying an additional 60,235 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Dover by 54.3% during the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 4,629 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. cut their price target on Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a research note on Monday, October 28th. Finally, Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Stock Up 0.2 %

Dover stock opened at $198.88 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $27.28 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.03 and a beta of 1.23. Dover Co. has a twelve month low of $147.98 and a twelve month high of $208.26. The firm has a 50 day moving average price of $195.78 and a 200-day moving average price of $189.47.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. Dover’s dividend payout ratio is presently 18.43%.

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.