Bar Harbor Wealth Management Sells 110 Shares of Dover Co. (NYSE:DOV)

Bar Harbor Wealth Management lowered its position in Dover Co. (NYSE:DOV) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,760 shares of the industrial products company’s stock after selling 110 shares during the quarter. Bar Harbor Wealth Management’s holdings in Dover were worth $518,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DOV. Ashton Thomas Securities LLC acquired a new stake in Dover in the 3rd quarter valued at about $33,000. Fairscale Capital LLC acquired a new stake in shares of Dover in the second quarter valued at approximately $34,000. Kieckhefer Group LLC bought a new position in shares of Dover during the 4th quarter worth approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover during the 2nd quarter worth approximately $41,000. Finally, Avior Wealth Management LLC raised its stake in Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 167 shares during the period. Institutional investors own 84.46% of the company’s stock.

Dover Stock Performance

NYSE:DOV opened at $186.88 on Tuesday. 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 Co. has a fifty-two week low of $143.96 and a fifty-two week high of $208.26. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.70 and a beta of 1.22. The stock has a fifty day moving average price of $196.72 and a 200-day moving average price of $188.71.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio is currently 18.43%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho upped their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays upped their price target on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com raised Dover from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.91.

Dover Company Profile

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.