Clear Harbor Asset Management LLC Has $7.07 Million Stake in Dover Co. (NYSE:DOV)

Clear Harbor Asset Management LLC raised its stake in Dover Co. (NYSE:DOV) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,675 shares of the industrial products company’s stock after buying an additional 1,469 shares during the period. Clear Harbor Asset Management LLC’s holdings in Dover were worth $7,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance increased its position in Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares during the period. ORG Partners LLC raised its stake in Dover by 5.4% during the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the last quarter. Main Street Financial Solutions LLC lifted its holdings in Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after buying an additional 60 shares during the period. JGP Wealth Management LLC boosted its position in Dover by 0.8% during the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after acquiring an additional 62 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock worth $450,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DOV. Oppenheimer restated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. 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 research report on Monday, October 28th. Wells Fargo & Company reduced their price target 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. Finally, Citigroup cut their price objective 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Trading Up 0.3 %

DOV opened at $195.00 on Tuesday. The firm has a market capitalization of $26.75 billion, a PE ratio of 17.44, a P/E/G ratio of 2.00 and a beta of 1.23. 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 Co. has a fifty-two week low of $144.63 and a fifty-two week high of $208.26. The company’s 50-day moving average is $195.96 and its 200 day moving average is $189.25.

Dover Dividend Announcement

The business 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. 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 1.06%. 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.