ORG Wealth Partners LLC Has $588,000 Holdings in Dover Co. (NYSE:DOV)

ORG Wealth Partners LLC decreased its holdings in Dover Co. (NYSE:DOV) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,134 shares of the industrial products company’s stock after selling 115 shares during the quarter. ORG Wealth Partners LLC’s holdings in Dover were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DOV. Ashton Thomas Securities LLC acquired a new position in Dover in the third quarter worth $33,000. Fairscale Capital LLC acquired a new position in Dover in the second quarter worth $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Dover in the second quarter worth $41,000. Avior Wealth Management LLC boosted its stake in Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in Dover in the third quarter worth $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

DOV has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective on the stock. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Barclays upped their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Oppenheimer restated an “outperform” rating and issued a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target on Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.18.

Dover Stock Down 1.8 %

Shares of NYSE:DOV traded down $3.46 during mid-day trading on Friday, reaching $183.76. 219,890 shares of the stock were exchanged, compared to its average volume of 511,724. The stock’s 50 day simple moving average is $196.88 and its 200-day simple moving average is $188.53. Dover Co. has a one year low of $143.96 and a one year high of $208.26. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.21 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.70 and a beta of 1.23.

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 given 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 1.12%. Dover’s payout ratio is 18.43%.

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.