4,273 Shares in Dover Co. (NYSE:DOV) Purchased by IAM Advisory LLC

IAM Advisory LLC bought a new stake in Dover Co. (NYSE:DOV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,273 shares of the industrial products company’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versor Investments LP purchased a new stake in Dover during the 3rd quarter worth approximately $1,920,000. Brendel Financial Advisors LLC grew its stake in shares of Dover by 347.7% in the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock worth $4,366,000 after acquiring an additional 17,685 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Dover by 3.1% in the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after acquiring an additional 5,372 shares in the last quarter. Empowered Funds LLC boosted its holdings in Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock valued at $2,523,000 after purchasing an additional 4,629 shares during the period. Finally, Virtu Financial LLC grew its stake in Dover by 85.1% during the 3rd quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company’s stock worth $2,756,000 after purchasing an additional 6,608 shares in the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup decreased their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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 report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, UBS Group assumed coverage on Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Stock Up 0.3 %

DOV opened at $195.00 on Friday. The business’s 50-day simple moving average is $196.15 and its 200-day simple moving average is $189.03. The stock has a market capitalization of $26.75 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.15 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. Dover Co. has a one year low of $144.63 and a one year high of $208.26.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given 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 1.06%. Dover’s dividend payout ratio (DPR) is presently 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.