TrueWealth Advisors LLC Buys Shares of 2,533 Dover Co. (NYSE:DOV)

TrueWealth Advisors LLC purchased a new stake in shares of Dover Co. (NYSE:DOV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,533 shares of the industrial products company’s stock, valued at approximately $475,000.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Dover during the 3rd quarter valued at about $33,000. Fairscale Capital LLC acquired a new position in shares of Dover during the second quarter valued at about $34,000. Kieckhefer Group LLC acquired a new stake in Dover in the 4th quarter worth approximately $38,000. Avior Wealth Management LLC grew its position in Dover by 183.5% during the 3rd 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. Finally, Coastline Trust Co acquired a new position in Dover during the 3rd quarter valued at approximately $50,000. 84.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DOV. UBS Group initiated coverage on shares of Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective for the company. Barclays boosted 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. Wells Fargo & Company reduced their price objective on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Stock Performance

Shares of NYSE DOV opened at $195.00 on Friday. Dover Co. has a 1 year low of $144.63 and a 1 year high of $208.26. 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 company’s fifty day moving average price is $196.15 and its 200 day moving average price is $188.95. The company has a market capitalization of $26.75 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.

Dover Announces Dividend

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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, November 29th. 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.