Dover Co. (NYSE:DOV) Shares Sold by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC decreased its holdings in Dover Co. (NYSE:DOV) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,087 shares of the industrial products company’s stock after selling 685 shares during the quarter. Dover accounts for approximately 2.5% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Brendel Financial Advisors LLC’s holdings in Dover were worth $4,144,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Dover in the 3rd quarter valued at about $33,000. Fairscale Capital LLC bought a new position in Dover in the 2nd quarter valued at about $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 bought a new position in shares of Dover during the 2nd quarter worth approximately $41,000. Finally, Avior Wealth Management LLC lifted its position in shares of 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 buying an additional 167 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DOV. UBS Group began coverage on shares of Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Barclays lifted their price target on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Citigroup lowered their price target on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dover currently has an average rating of “Moderate Buy” and an average price target of $212.91.

Dover Stock Up 1.2 %

Dover stock opened at $188.93 on Wednesday. Dover Co. has a 1-year low of $143.96 and a 1-year high of $208.26. The firm has a market capitalization of $25.92 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 2.70 and a beta of 1.22. 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 has a 50 day simple moving average of $196.72 and a 200 day simple moving average of $188.71.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.09%. Dover’s dividend payout ratio (DPR) is currently 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.