Zhang Financial LLC Grows Stock Holdings in Dover Co. (NYSE:DOV)

Zhang Financial LLC lifted its stake in Dover Co. (NYSE:DOV) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,493 shares of the industrial products company’s stock after purchasing an additional 203 shares during the quarter. Zhang Financial LLC’s holdings in Dover were worth $280,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DOV. Independent Advisor Alliance boosted its stake in shares of Dover by 0.3% during 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 in the last quarter. ORG Partners LLC grew its position in shares of Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock valued at $214,000 after purchasing an additional 58 shares during the period. Main Street Financial Solutions LLC increased its stake in Dover by 2.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after buying an additional 60 shares in the last quarter. JGP Wealth Management LLC grew its holdings in shares of Dover by 0.8% during the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after buying an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dover by 3.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock worth $450,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

DOV has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Barclays lifted their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. UBS Group assumed coverage on Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Stock Up 0.3 %

DOV stock opened at $195.00 on Tuesday. The stock has a market capitalization of $26.75 billion, a P/E ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23. The company has a 50 day moving average price of $195.96 and a two-hundred day moving average price of $189.25. Dover Co. has a one year low of $144.63 and a one 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.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.515 dividend. 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 dividend payout ratio (DPR) 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.