Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 167 Shares of Dover Co. (NYSE:DOV)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in Dover Co. (NYSE:DOV) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,063 shares of the industrial products company’s stock after selling 167 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Dover were worth $1,513,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Dover in the third quarter worth approximately $33,000. Kieckhefer Group LLC acquired a new position in Dover during the 4th quarter valued at about $38,000. Avior Wealth Management LLC increased its holdings in Dover by 183.5% during the 3rd 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 in the last quarter. Coastline Trust Co bought a new position in shares of Dover in the third quarter valued at approximately $50,000. Finally, Cromwell Holdings LLC boosted its position in shares of Dover by 50.5% during the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock valued at $60,000 after buying an additional 105 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DOV. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. decreased their price target on Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group raised their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays increased their price objective on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, UBS Group initiated coverage on Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Stock Performance

NYSE:DOV opened at $195.79 on Tuesday. Dover Co. has a twelve month low of $148.45 and a twelve month high of $208.26. 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 stock has a market cap of $26.86 billion, a P/E ratio of 17.51, a PEG ratio of 2.04 and a beta of 1.23. The business’s 50-day moving average price is $195.57 and its two-hundred day moving average price is $189.96.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.05%. Dover’s payout ratio is presently 18.43%.

Dover 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.