UMB Bank n.a. Decreases Stock Holdings in Dover Co. (NYSE:DOV)

UMB Bank n.a. cut its stake in Dover Co. (NYSE:DOV) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,507 shares of the industrial products company’s stock after selling 292 shares during the period. UMB Bank n.a.’s holdings in Dover were worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in Dover in the 3rd quarter valued at $33,000. Fairscale Capital LLC purchased a new stake in shares of Dover in the second quarter valued at about $34,000. Kieckhefer Group LLC acquired a new stake in Dover during the fourth quarter worth about $38,000. Avior Wealth Management LLC raised its stake in 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 position in Dover in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Stock Performance

Shares of DOV opened at $195.00 on Tuesday. The stock has a 50-day simple moving average of $195.96 and a 200-day simple moving average of $189.25. 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 1 year low of $144.63 and a 1 year high of $208.26. The stock has a market capitalization of $26.75 billion, a PE ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DOV shares. Wolfe Research raised shares of 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. Wells Fargo & Company decreased their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays raised their price objective 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 previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Finally, Citigroup reduced their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Five research 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 stock 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.