Dover Co. (NYSE:DOV) Shares Acquired by BSW Wealth Partners

BSW Wealth Partners boosted its position in shares of Dover Co. (NYSE:DOV) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,110 shares of the industrial products company’s stock after acquiring an additional 822 shares during the quarter. BSW Wealth Partners’ holdings in Dover were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in Dover in the 3rd quarter valued at approximately $33,000. Kieckhefer Group LLC purchased a new position in shares of Dover in the 4th quarter valued at about $38,000. Avior Wealth Management LLC grew its position 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 worth $49,000 after buying an additional 167 shares in the last quarter. Coastline Trust Co purchased a new position in Dover in the third quarter worth approximately $50,000. Finally, Cromwell Holdings LLC raised its holdings in shares of 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. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV stock opened at $197.89 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $195.56 and a 200-day simple moving average of $190.06. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. Dover Co. has a 12-month low of $148.45 and a 12-month high of $208.26.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid 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 dividend yield of 1.04%. Dover’s dividend payout ratio (DPR) is presently 18.43%.

Wall Street Analysts Forecast Growth

DOV has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. dropped their price objective on Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. 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 report on Monday, October 28th. Wells Fargo & Company cut their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup lowered 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. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

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.