Dover Co. (NYSE:DOV) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its position in Dover Co. (NYSE:DOV) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,606 shares of the industrial products company’s stock after selling 1,039 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Dover were worth $7,055,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Dover by 0.9% in the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock valued at $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC boosted its stake in Dover by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after purchasing an additional 25,993 shares during the period. FMR LLC grew its position 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 purchasing an additional 149,378 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dover by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company’s stock valued at $188,815,000 after purchasing an additional 17,193 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Dover by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock valued at $155,566,000 after buying an additional 9,464 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOV has been the subject of several analyst reports. Citigroup reduced their price objective on Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 price target (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. UBS Group began coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective on the stock. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $212.55.

Dover Price Performance

DOV stock opened at $196.38 on Monday. The firm has a 50 day moving average of $195.67 and a 200-day moving average of $189.87. The company has a market cap of $26.94 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.04 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. Dover Co. has a 12-month low of $148.45 and a 12-month high of $208.26.

Dover Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a yield of 1.05%. Dover’s payout ratio is 18.43%.

Dover 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.