Atlas Private Wealth Advisors Takes $815,000 Position in Dover Co. (NYSE:DOV)

Atlas Private Wealth Advisors purchased a new position in Dover Co. (NYSE:DOV) during the 4th quarter, Holdings Channel.com reports. The firm purchased 4,342 shares of the industrial products company’s stock, valued at approximately $815,000.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the 3rd quarter worth about $33,000. Kieckhefer Group LLC bought a new stake in Dover during the fourth quarter worth approximately $38,000. Avior Wealth Management LLC raised its position in Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares during the period. Coastline Trust Co bought a new stake in shares of Dover in the 3rd quarter valued at approximately $50,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Dover by 50.5% in the 3rd quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.2 %

DOV opened at $198.81 on Friday. 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 stock’s fifty day moving average is $195.67 and its two-hundred day moving average is $189.69. The company has a market capitalization of $27.27 billion, a P/E ratio of 17.78, a PEG 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.04%. Dover’s payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DOV. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Citigroup cut their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Finally, UBS Group initiated coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Dover 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.