Dover Co. (NYSE:DOV) Shares Acquired by CX Institutional

CX Institutional increased its stake in shares of Dover Co. (NYSE:DOV) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,943 shares of the industrial products company’s stock after acquiring an additional 831 shares during the quarter. CX Institutional’s holdings in Dover were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Wealth Management LLC lifted its holdings in shares of Dover by 1.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 26,518 shares of the industrial products company’s stock valued at $4,975,000 after purchasing an additional 381 shares during the last quarter. Brighton Jones LLC lifted its stake in Dover by 62.1% in the fourth quarter. Brighton Jones LLC now owns 2,944 shares of the industrial products company’s stock valued at $552,000 after buying an additional 1,128 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new stake in shares of Dover in the fourth quarter valued at approximately $3,058,000. Atomi Financial Group Inc. grew its position in shares of Dover by 20.4% during the fourth quarter. Atomi Financial Group Inc. now owns 1,986 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 336 shares during the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in shares of Dover by 4.1% in the 4th quarter. Clear Harbor Asset Management LLC now owns 37,675 shares of the industrial products company’s stock valued at $7,068,000 after acquiring an additional 1,469 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DOV has been the topic of several research reports. Barclays raised 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. Mizuho boosted their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. 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 note on Monday, October 28th. The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Trading Down 0.2 %

Shares of Dover stock opened at $198.81 on Friday. The company has a 50-day moving average of $195.67 and a two-hundred day moving average of $189.69. Dover Co. has a 12-month low of $148.45 and a 12-month high of $208.26. 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 market cap of $27.27 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.515 per share. 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%.

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.