Dover Co. (NYSE:DOV) Shares Purchased by Griffin Asset Management Inc.

Griffin Asset Management Inc. increased its position in Dover Co. (NYSE:DOV) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,205 shares of the industrial products company’s stock after buying an additional 75 shares during the quarter. Griffin Asset Management Inc.’s holdings in Dover were worth $9,231,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Dover during the 3rd quarter valued at $33,000. Kieckhefer Group LLC acquired a new position in shares of Dover during the 4th quarter worth $38,000. Avior Wealth Management LLC raised its holdings in 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 buying an additional 167 shares in the last quarter. Coastline Trust Co acquired a new stake in Dover in the 3rd quarter worth approximately $50,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Dover by 50.5% during the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after buying an additional 105 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $195.79 on Tuesday. Dover Co. has a 52-week low of $148.45 and a 52-week high of $208.26. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23. 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’s 50-day simple moving average is $195.57 and its 200 day simple moving average is $189.96.

Dover Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on DOV. Oppenheimer reaffirmed 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. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. UBS Group assumed coverage on shares of Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective for the company. StockNews.com downgraded shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Barclays increased 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.