HB Wealth Management LLC Increases Stake in Dover Co. (NYSE:DOV)

HB Wealth Management LLC increased its stake in shares of Dover Co. (NYSE:DOV) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,029 shares of the industrial products company’s stock after acquiring an additional 401 shares during the quarter. HB Wealth Management LLC’s holdings in Dover were worth $1,506,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont boosted its position in shares of Dover by 4.0% during the 4th quarter. Trust Co. of Vermont now owns 5,023 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 194 shares during the last quarter. TrueWealth Advisors LLC bought a new position in shares of Dover during the fourth quarter valued at approximately $475,000. Brooklyn Investment Group increased its stake in Dover by 30.7% in the fourth quarter. Brooklyn Investment Group now owns 549 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 129 shares during the period. Merit Financial Group LLC lifted its holdings in Dover by 35.9% during the 4th quarter. Merit Financial Group LLC now owns 3,176 shares of the industrial products company’s stock valued at $596,000 after buying an additional 839 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of Dover during the fourth quarter valued at approximately $2,354,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup cut their target price 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. Barclays increased their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their price objective on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, UBS Group initiated coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Stock Up 0.3 %

NYSE DOV opened at $195.00 on Tuesday. The business has a fifty day moving average price of $195.96 and a 200 day moving average price of $189.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The company has a market cap of $26.75 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.15 and a beta of 1.23. Dover Co. has a one year low of $144.63 and a one year high of $208.26.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. 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 1.06%. Dover’s payout ratio is presently 18.43%.

Dover Company 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.