Dover Co. (NYSE:DOV) Stock Position Lessened by Fulton Bank N.A.

Fulton Bank N.A. lessened its position in Dover Co. (NYSE:DOV) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,274 shares of the industrial products company’s stock after selling 176 shares during the period. Fulton Bank N.A.’s holdings in Dover were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DOV. Ashton Thomas Securities LLC purchased a new position in shares of Dover during the third quarter valued at $33,000. Fairscale Capital LLC bought a new stake in shares of Dover in the second quarter valued at about $34,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Dover during the second quarter valued at approximately $41,000. Avior Wealth Management LLC raised 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 buying an additional 167 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in Dover during the third quarter worth about $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Trading Down 2.1 %

DOV opened at $183.36 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a twelve month low of $143.96 and a twelve month high of $208.26. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 2.70 and a beta of 1.23. The company has a 50-day simple moving average of $196.88 and a 200 day simple moving average of $188.53.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is 18.43%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup lifted their price objective on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Mizuho lifted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dover from $210.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.18.

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.