Dover Co. (NYSE:DOV) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of Dover Co. (NYSE:DOV) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,470 shares of the industrial products company’s stock after selling 232 shares during the quarter. Inspire Investing LLC’s holdings in Dover were worth $2,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DOV. FMR LLC lifted its stake in Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after buying an additional 149,378 shares during the last quarter. National Bank of Canada FI lifted its stake in Dover by 313.7% in the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock valued at $36,647,000 after buying an additional 144,930 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Dover in the second quarter valued at approximately $17,323,000. Barclays PLC lifted its stake in Dover by 26.6% in the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after buying an additional 75,670 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Dover in the third quarter valued at approximately $14,459,000. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Up 0.2 %

Shares of DOV stock opened at $198.88 on Thursday. 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 firm has a market capitalization of $27.28 billion, a PE ratio of 17.79, a P/E/G ratio of 2.03 and a beta of 1.23. Dover Co. has a 1-year low of $147.98 and a 1-year high of $208.26. The business’s fifty day moving average price is $195.78 and its 200 day moving average price is $189.47.

Dover Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DOV shares. Mizuho boosted their price objective on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Citigroup dropped their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, UBS Group started coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

About Dover

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.