Dover Co. (NYSE:DOV) Shares Bought by BSW Wealth Partners

BSW Wealth Partners grew its stake in shares of Dover Co. (NYSE:DOV) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,110 shares of the industrial products company’s stock after buying an additional 822 shares during the period. BSW Wealth Partners’ holdings in Dover were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DOV. Independent Advisor Alliance grew its position in Dover by 0.3% in the third quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after purchasing an additional 58 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after buying an additional 58 shares during the last quarter. Main Street Financial Solutions LLC increased its position in shares of Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 60 shares during the last quarter. JGP Wealth Management LLC raised its holdings in Dover by 0.8% during the fourth quarter. JGP Wealth Management LLC now owns 8,075 shares of the industrial products company’s stock worth $1,515,000 after acquiring an additional 62 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Dover by 3.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,401 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 70 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV stock opened at $197.89 on Wednesday. Dover Co. has a 12 month low of $148.45 and a 12 month high of $208.26. The stock has a market capitalization of $27.15 billion, a P/E ratio of 17.70, a PEG ratio of 2.04 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $195.56 and its 200 day moving average is $190.06.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.04%. Dover’s dividend payout ratio is presently 18.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DOV shares. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Citigroup lowered their price objective 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. UBS Group initiated coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.55.

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.