Dover Co. (NYSE:DOV) Shares Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its position in Dover Co. (NYSE:DOV) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,401 shares of the industrial products company’s stock after acquiring an additional 70 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Dover were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DOV. State Street Corp raised its position in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC grew its stake in Dover by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock valued at $616,945,000 after acquiring an additional 25,993 shares in the last quarter. FMR LLC raised its holdings in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after acquiring an additional 149,378 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Dover by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock worth $188,815,000 after purchasing an additional 17,193 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock worth $155,566,000 after purchasing an additional 9,464 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

NYSE:DOV opened at $198.46 on Wednesday. Dover Co. has a fifty-two week low of $147.98 and a fifty-two week high of $208.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The company has a 50 day moving average price of $195.88 and a 200 day moving average price of $189.40. The stock has a market capitalization of $27.23 billion, a P/E ratio of 17.75, a PEG ratio of 2.00 and a beta of 1.23.

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 annualized dividend and a dividend yield of 1.04%. Dover’s dividend payout ratio is currently 18.43%.

Analyst Ratings Changes

DOV has been the topic of a number of analyst reports. Mizuho lifted their price objective on Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. lowered their price target on shares of Dover from $212.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Barclays raised their price objective on shares of Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, UBS Group initiated coverage on shares of Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

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.