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

Atlas Private Wealth Advisors acquired a new stake in shares of Dover Co. (NYSE:DOV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,342 shares of the industrial products company’s stock, valued at approximately $815,000.

A number of other hedge funds have also bought and sold shares of DOV. Renaissance Technologies LLC bought a new position in shares of Dover during the 2nd quarter valued at $2,995,000. Sei Investments Co. lifted its holdings in Dover by 20.3% in the second quarter. Sei Investments Co. now owns 72,422 shares of the industrial products company’s stock valued at $13,068,000 after acquiring an additional 12,242 shares during the period. Public Sector Pension Investment Board boosted its position in Dover by 71.4% in the second quarter. Public Sector Pension Investment Board now owns 5,259 shares of the industrial products company’s stock worth $949,000 after purchasing an additional 2,191 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Dover by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 154,164 shares of the industrial products company’s stock valued at $27,922,000 after purchasing an additional 1,920 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Dover by 57.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,313 shares of the industrial products company’s stock valued at $4,748,000 after purchasing an additional 9,611 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group upped their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Barclays raised their price objective on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Trading Down 0.2 %

Dover stock opened at $198.81 on Friday. Dover Co. has a 1 year low of $148.45 and a 1 year high of $208.26. The firm’s 50 day moving average price is $195.67 and its 200-day moving average price is $189.69. 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 stock has a market cap of $27.27 billion, a P/E ratio of 17.78, a PEG ratio of 2.04 and a beta of 1.23.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s 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.