Eads & Heald Wealth Management Has $1.62 Million Stock Position in Dover Co. (NYSE:DOV)

Eads & Heald Wealth Management lessened its position in shares of Dover Co. (NYSE:DOV) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,645 shares of the industrial products company’s stock after selling 174 shares during the quarter. Eads & Heald Wealth Management’s holdings in Dover were worth $1,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DOV. FMR LLC increased its position in shares of Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock worth $591,676,000 after buying an additional 149,378 shares during the period. National Bank of Canada FI grew its holdings in Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after acquiring an additional 144,930 shares during the period. Kimelman & Baird LLC bought a new position in shares of Dover in the 2nd quarter worth about $17,323,000. Barclays PLC boosted its position in shares of Dover by 26.6% during the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 75,670 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Dover during the third quarter worth approximately $14,459,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup dropped their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $212.55.

Dover Stock Up 1.7 %

Shares of NYSE:DOV opened at $198.46 on Wednesday. The business’s 50 day moving average is $195.88 and its 200 day moving average is $189.40. Dover Co. has a 12-month low of $147.98 and a 12-month high of $208.26. The stock has a market cap of $27.23 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.00 and a beta of 1.23. 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 Announces Dividend

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