Fifth Third Bancorp Has $7.17 Million Holdings in Dover Co. (NYSE:DOV)

Fifth Third Bancorp decreased its stake in Dover Co. (NYSE:DOV) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,233 shares of the industrial products company’s stock after selling 1,162 shares during the period. Fifth Third Bancorp’s holdings in Dover were worth $7,173,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Dover in the 3rd quarter worth approximately $33,000. Kieckhefer Group LLC acquired a new position in Dover in the fourth quarter worth $38,000. Avior Wealth Management LLC grew its holdings in shares of Dover by 183.5% during 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 during the last quarter. Coastline Trust Co acquired a new stake in shares of Dover in the third quarter valued at $50,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Dover by 50.5% in the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock valued at $60,000 after buying an additional 105 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DOV has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup dropped their price objective on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Mizuho increased their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price target on Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Stock Down 0.2 %

Shares of NYSE DOV opened at $198.81 on Monday. The firm has a 50 day moving average price of $195.67 and a 200 day moving average price of $189.87. 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 has a market cap of $27.27 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.04 and a beta of 1.23. Dover Co. has a 52-week low of $148.45 and a 52-week high of $208.26.

Dover Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio 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.