Dover Co. (NYSE:DOV) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC decreased its position in Dover Co. (NYSE:DOV) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,134 shares of the industrial products company’s stock after selling 115 shares during the quarter. ORG Wealth Partners LLC’s holdings in Dover were worth $588,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Dover in the third quarter valued at $33,000. Fairscale Capital LLC acquired a new stake in shares of Dover in the second quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Dover in the second quarter valued at $41,000. Avior Wealth Management LLC raised its position in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of Dover during the third quarter worth $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Down 1.8 %

Shares of DOV traded down $3.46 during trading hours on Friday, hitting $183.76. 219,890 shares of the company were exchanged, compared to its average volume of 511,724. The firm’s 50 day moving average is $196.88 and its 200-day moving average is $188.53. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. The company has a market cap of $25.21 billion, a PE ratio of 16.44, a PEG ratio of 2.70 and a beta of 1.23. 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 firm 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 1.12%. Dover’s payout ratio is 18.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DOV shares. Citigroup boosted their target price on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays boosted their target price on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report 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 report on Wednesday, October 16th. UBS Group started coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. Finally, Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $214.18.

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.