Arkadios Wealth Advisors Lowers Holdings in Dover Co. (NYSE:DOV)

Arkadios Wealth Advisors cut its position in Dover Co. (NYSE:DOVFree Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,522 shares of the industrial products company’s stock after selling 114 shares during the quarter. Arkadios Wealth Advisors’ holdings in Dover were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DOV. FMR LLC grew its holdings in Dover by 5.1% during the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after acquiring an additional 149,378 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after buying an additional 144,930 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Dover in the second quarter valued at approximately $17,323,000. Barclays PLC raised its stake in shares of Dover by 26.6% during the third quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock worth $69,082,000 after purchasing an additional 75,670 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Dover in the third quarter valued at about $14,459,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. 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 note on Wednesday, January 15th. Citigroup decreased their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Wells Fargo & Company cut their price objective 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, The Goldman Sachs Group increased their price target on Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dover presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.55.

Check Out Our Latest Stock Analysis on Dover

Dover Stock Up 0.1 %

NYSE:DOV opened at $198.98 on Friday. 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 stock has a 50-day simple moving average of $195.72 and a 200 day simple moving average of $189.53. Dover Co. has a one year low of $147.98 and a one year high of $208.26. The company has a market capitalization of $27.30 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

Dover Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.04%. Dover’s dividend payout ratio (DPR) is 18.43%.

About Dover

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Dover (NYSE:DOV)

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