JGP Wealth Management LLC Grows Holdings in Dover Co. (NYSE:DOV)

JGP Wealth Management LLC raised its position in Dover Co. (NYSE:DOV) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,075 shares of the industrial products company’s stock after buying an additional 62 shares during the period. JGP Wealth Management LLC’s holdings in Dover were worth $1,515,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DOV. State Street Corp grew its holdings in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after acquiring an additional 56,149 shares in the last quarter. Geode Capital Management LLC boosted its position in Dover by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after purchasing an additional 25,993 shares during the last quarter. FMR LLC grew its stake in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Dover by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after purchasing an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock worth $155,566,000 after purchasing an additional 9,464 shares during the period. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

DOV has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research report on Monday, October 28th. UBS Group assumed coverage on shares of Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target on the stock. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Finally, StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Dover has an average rating of “Moderate Buy” and an average target price of $212.55.

Dover Trading Up 1.9 %

NYSE:DOV opened at $194.39 on Friday. Dover Co. has a 1 year low of $143.96 and a 1 year high of $208.26. The stock’s fifty day moving average price is $196.28 and its two-hundred day moving average price is $188.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company has a market cap of $26.67 billion, a P/E ratio of 17.39, a P/E/G ratio of 2.15 and a beta of 1.23.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 annualized dividend and a yield of 1.06%. Dover’s dividend payout ratio is currently 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.