Dover Co. (NYSE:DOV) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Dover Co. (NYSE:DOV) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,580 shares of the industrial products company’s stock after selling 194 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Dover were worth $296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Dover during the 3rd quarter worth about $33,000. Kieckhefer Group LLC purchased a new position in Dover during the fourth quarter worth approximately $38,000. Avior Wealth Management LLC boosted its holdings in shares of Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of Dover during the 3rd quarter valued at $50,000. Finally, Cromwell Holdings LLC increased its holdings in shares of Dover by 50.5% during the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after buying an additional 105 shares during the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Barclays increased their price objective on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. UBS Group started coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target for the company. Finally, Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Price Performance

DOV stock opened at $197.89 on Wednesday. The stock’s 50 day moving average is $195.56 and its two-hundred day moving average is $190.06. Dover Co. has a 52-week low of $148.45 and a 52-week high of $208.26. The company has a market capitalization of $27.15 billion, a PE ratio of 17.70, a P/E/G ratio of 2.04 and a beta of 1.23. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53.

Dover Announces Dividend

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

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.