Bill Few Associates Inc. Decreases Stock Holdings in Dover Co. (NYSE:DOV)

Bill Few Associates Inc. lessened its holdings in Dover Co. (NYSE:DOV) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,225 shares of the industrial products company’s stock after selling 100 shares during the period. Bill Few Associates Inc.’s holdings in Dover were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Dover by 0.9% in the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after acquiring an additional 25,993 shares during the last quarter. FMR LLC boosted its stake in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after buying an additional 149,378 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after purchasing an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after buying an additional 9,464 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.2 %

Dover stock opened at $198.88 on Thursday. 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 firm has a 50-day moving average price of $195.78 and a two-hundred day moving average price of $189.47. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.03 and a beta of 1.23. Dover Co. has a 52-week low of $147.98 and a 52-week high of $208.26.

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 paid a dividend of $0.515 per share. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.04%. Dover’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

DOV has been the subject of a number of research reports. Wells Fargo & Company dropped 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. Oppenheimer reiterated an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. The Goldman Sachs Group raised their price objective on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. StockNews.com downgraded Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Mizuho boosted their price target on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.