Eads & Heald Wealth Management Sells 174 Shares of Dover Co. (NYSE:DOV)

Eads & Heald Wealth Management reduced its holdings in shares of Dover Co. (NYSE:DOV) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,645 shares of the industrial products company’s stock after selling 174 shares during the quarter. Eads & Heald Wealth Management’s holdings in Dover were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP purchased a new position in shares of Dover in the 3rd quarter worth about $1,920,000. Brendel Financial Advisors LLC boosted its stake 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 last quarter. Principal Financial Group Inc. grew 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 valued at $34,100,000 after acquiring an additional 5,372 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Dover by 195.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after purchasing an additional 60,235 shares during the period. Finally, Empowered Funds LLC lifted its stake in Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after purchasing an additional 4,629 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.7 %

Shares of DOV opened at $198.46 on Wednesday. The firm has a market cap of $27.23 billion, a P/E ratio of 17.75, a P/E/G ratio of 2.00 and a beta of 1.23. Dover Co. has a 1 year low of $147.98 and a 1 year high of $208.26. The stock has a 50 day simple moving average of $195.88 and a two-hundred day simple moving average of $189.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover Announces Dividend

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

Analyst Ratings Changes

DOV has been the subject of a number of recent research reports. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. Mizuho lifted their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. dropped their price objective on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

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.