New Hampshire Trust Sells 732 Shares of Dover Co. (NYSE:DOV)

by · The Markets Daily

New Hampshire Trust cut its position in shares of Dover Co. (NYSE:DOV – Free Report) by 19.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,106 shares of the industrial products company’s stock after selling 732 shares during the period. New Hampshire Trust’s holdings in Dover were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Dover during the 2nd quarter valued at approximately $2,995,000. Canada Pension Plan Investment Board lifted its position in Dover by 82.0% during the second quarter. Canada Pension Plan Investment Board now owns 95,483 shares of the industrial products company’s stock valued at $17,230,000 after purchasing an additional 43,017 shares during the last quarter. Sei Investments Co. grew its stake in shares of Dover by 20.3% in the 2nd quarter. Sei Investments Co. now owns 72,422 shares of the industrial products company’s stock worth $13,068,000 after buying an additional 12,242 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Dover by 15.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,691 shares of the industrial products company’s stock worth $486,000 after buying an additional 358 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Dover during the 2nd quarter valued at about $459,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DOV. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.55.

View Our Latest Analysis on Dover

Dover Price Performance

Dover stock opened at $195.00 on Tuesday. 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 $26.75 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The firm has a 50-day moving average of $195.96 and a two-hundred day moving average of $189.25. Dover Co. has a 1 year low of $144.63 and a 1 year high of $208.26.

Dover Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.06%. Dover’s payout ratio is 18.43%.

Dover Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Co. (NYSE:DOV – Free Report).