First Bank & Trust Trims Stock Holdings in Dover Co. (NYSE:DOV)

First Bank & Trust trimmed its holdings in Dover Co. (NYSE:DOV) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,254 shares of the industrial products company’s stock after selling 52 shares during the period. First Bank & Trust’s holdings in Dover were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of Dover during the 4th quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Dover during the 3rd quarter valued at $33,000. R Squared Ltd purchased a new position in shares of Dover during the 4th quarter valued at $34,000. Kieckhefer Group LLC purchased a new position in shares of Dover during the 4th quarter valued at $38,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Dover during the 4th quarter valued at $46,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DOV shares. JPMorgan Chase & Co. boosted their price target on shares of Dover from $208.00 to $230.00 and gave the company an “overweight” 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 report on Tuesday, February 4th. UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective for the company in a report on Monday, October 28th. Finally, Barclays lifted their price objective on shares of Dover from $205.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.91.

Dover Stock Performance

Dover stock opened at $206.56 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $28.35 billion, a PE ratio of 10.62, a P/E/G ratio of 2.04 and a beta of 1.24. The firm has a fifty day simple moving average of $195.53 and a two-hundred day simple moving average of $192.28. Dover Co. has a twelve month low of $159.58 and a twelve month high of $222.31.

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, hitting the consensus estimate of $2.20. Dover had a net margin of 32.95% and a return on equity of 21.03%. Research analysts expect that Dover Co. will post 9.45 EPS for the current year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, February 28th. Dover’s dividend payout ratio (DPR) is 10.59%.

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.