Dover Co. (NYSE:DOV) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA cut its holdings in Dover Co. (NYSE:DOV) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 37,606 shares of the industrial products company’s stock after selling 1,039 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Dover were worth $7,055,000 at the end of the most recent reporting period.

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

Dover Stock Down 1.2 %

Shares of NYSE:DOV opened at $196.38 on Monday. Dover Co. has a 1 year low of $148.45 and a 1 year high of $208.26. The stock has a 50-day simple moving average of $195.67 and a 200-day simple moving average of $189.87. 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 stock has a market capitalization of $26.94 billion, a P/E ratio of 17.57, a PEG ratio of 2.04 and a beta of 1.23.

Dover Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. StockNews.com cut shares of 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 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Barclays lifted their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Dover currently has an average rating of “Moderate Buy” and an average 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.