Dover Co. (NYSE:DOV) Stock Holdings Reduced by Annex Advisory Services LLC

Annex Advisory Services LLC lowered its position in Dover Co. (NYSE:DOV) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Dover in the 3rd quarter worth approximately $33,000. Fairscale Capital LLC acquired a new stake in Dover in the 2nd quarter worth $34,000. Kieckhefer Group LLC acquired a new stake in Dover during the fourth quarter worth about $38,000. Avior Wealth Management LLC raised its holdings in Dover by 183.5% in the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 167 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of Dover in the 3rd quarter worth approximately $50,000. Institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.3 %

DOV opened at $195.00 on Monday. Dover Co. has a fifty-two week low of $144.63 and a fifty-two week high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The firm has a 50 day simple moving average of $196.15 and a 200 day simple moving average of $189.12.

Dover Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is currently 18.43%.

Analysts Set New Price Targets

DOV has been the topic of a number of research reports. Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group began coverage on shares of Dover in a report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective for the company. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Wells Fargo & Company cut their price target 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.