Dover Co. (NYSE:DOV) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its position in Dover Co. (NYSE:DOV) by 20.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,986 shares of the industrial products company’s stock after acquiring an additional 336 shares during the period. Atomi Financial Group Inc.’s holdings in Dover were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DOV. Ashton Thomas Securities LLC acquired a new stake in shares of Dover in the third quarter valued at $33,000. Kieckhefer Group LLC acquired a new stake in shares of Dover in the fourth quarter valued at $38,000. Avior Wealth Management LLC grew its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after buying an additional 167 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Dover in the third quarter valued at $50,000. Finally, Cromwell Holdings LLC grew its stake in shares of Dover by 50.5% in the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock valued at $60,000 after buying an additional 105 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Down 0.2 %

Dover stock opened at $198.81 on Friday. Dover Co. has a fifty-two week low of $148.45 and a fifty-two week high of $208.26. 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 capitalization of $27.27 billion, a P/E ratio of 17.78, a PEG ratio of 2.04 and a beta of 1.23. The stock has a 50-day simple moving average of $195.67 and a 200-day simple moving average of $189.79.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DOV shares. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Mizuho boosted their target price on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, UBS Group started coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

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.