Tilia Fiduciary Partners Inc. Increases Holdings in Dover Co. (NYSE:DOV)

Tilia Fiduciary Partners Inc. increased its stake in shares of Dover Co. (NYSE:DOV) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,778 shares of the industrial products company’s stock after buying an additional 344 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Dover were worth $1,834,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Versor Investments LP bought a new position in shares of Dover in the third quarter worth $1,920,000. Brendel Financial Advisors LLC raised its stake in Dover by 347.7% in the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after purchasing an additional 17,685 shares in the last quarter. Principal Financial Group Inc. lifted its position in Dover by 3.1% during the third quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock valued at $34,100,000 after purchasing an additional 5,372 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Dover by 54.3% in the 3rd quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after buying an additional 4,629 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Dover by 85.1% during the 3rd quarter. Virtu Financial LLC now owns 14,373 shares of the industrial products company’s stock valued at $2,756,000 after buying an additional 6,608 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Stock Down 2.1 %

NYSE DOV traded down $3.86 during trading hours on Friday, reaching $183.36. 1,067,191 shares of the company’s stock traded hands, compared to its average volume of 606,338. Dover Co. has a 52-week low of $143.96 and a 52-week high of $208.26. The firm has a 50-day simple moving average of $196.88 and a 200 day simple moving average of $188.53. The firm has a market cap of $25.16 billion, a PE ratio of 16.40, a PEG ratio of 2.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 18.43%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group initiated coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group raised their price target on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research report on Monday, October 28th. Finally, Citigroup boosted their price target on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and an average price target of $214.18.

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.