Dover Co. (NYSE:DOV) Shares Bought by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. lifted its holdings in shares of Dover Co. (NYSE:DOV) by 16.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,442 shares of the industrial products company’s stock after acquiring an additional 200 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Dover were worth $272,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. HB Wealth Management LLC raised its holdings in shares of Dover by 5.3% in the fourth quarter. HB Wealth Management LLC now owns 8,029 shares of the industrial products company’s stock worth $1,506,000 after acquiring an additional 401 shares during the last quarter. Trust Co. of Vermont increased its position in Dover by 4.0% during the 4th quarter. Trust Co. of Vermont now owns 5,023 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 194 shares in the last quarter. TrueWealth Advisors LLC acquired a new position in Dover in the 4th quarter valued at about $475,000. Brooklyn Investment Group lifted its holdings in Dover by 30.7% in the 4th quarter. Brooklyn Investment Group now owns 549 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 129 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Dover by 35.9% during the fourth quarter. Merit Financial Group LLC now owns 3,176 shares of the industrial products company’s stock worth $596,000 after buying an additional 839 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company decreased their price target on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $212.55.

Dover Stock Performance

NYSE:DOV opened at $195.00 on Friday. Dover Co. has a twelve month low of $144.63 and a twelve month high of $208.26. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $196.15 and its 200 day simple moving average is $189.03.

Dover Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is 18.43%.

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.