Dover Co. (NYSE:DOV) Shares Purchased by Zhang Financial LLC

Zhang Financial LLC increased its holdings in Dover Co. (NYSE:DOV) by 15.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,493 shares of the industrial products company’s stock after acquiring an additional 203 shares during the quarter. Zhang Financial LLC’s holdings in Dover were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Advisor Alliance lifted its stake in Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares during the last quarter. ORG Partners LLC boosted its stake in Dover by 5.4% in the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares during the period. Main Street Financial Solutions LLC grew its stake in Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 60 shares in the last quarter. JGP Wealth Management LLC grew its position in shares of Dover by 0.8% during the 4th quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock valued at $1,515,000 after purchasing an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Dover by 3.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock worth $450,000 after acquiring an additional 70 shares during the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

Dover Stock Up 0.3 %

Shares of NYSE DOV opened at $195.00 on Tuesday. Dover Co. has a 52-week low of $144.63 and a 52-week 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 stock has a 50 day moving average price of $195.96 and a 200 day moving average price of $189.25. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23.

Dover Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is 18.43%.

Analyst Upgrades and Downgrades

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

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.