Dover Co. (NYSE:DOV) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC decreased its holdings in shares of Dover Co. (NYSE:DOV) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,784 shares of the industrial products company’s stock after selling 1,069 shares during the period. Annex Advisory Services LLC’s holdings in Dover were worth $3,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Dover during the third quarter worth about $33,000. Fairscale Capital LLC bought a new position in shares of Dover during the second quarter valued at approximately $34,000. Kieckhefer Group LLC acquired a new stake in shares of Dover during the 4th quarter worth approximately $38,000. Avior Wealth Management LLC lifted its holdings in shares of Dover by 183.5% in 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 during the last quarter. Finally, Coastline Trust Co acquired a new position in Dover during the 3rd quarter valued at approximately $50,000. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOV has been the topic of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their target price on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. StockNews.com lowered shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Mizuho boosted 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. Finally, The Goldman Sachs Group raised their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Price Performance

NYSE:DOV opened at $195.00 on Monday. Dover Co. has a 52-week low of $144.63 and a 52-week 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 firm has a market cap of $26.75 billion, a P/E ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23. The business’s 50-day moving average price is $196.15 and its 200 day moving average price is $189.12.

Dover Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend 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.