NBT Bank N A NY Has $246,000 Position in Dover Co. (NYSE:DOV)

NBT Bank N A NY reduced its position in shares of Dover Co. (NYSE:DOV) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,312 shares of the industrial products company’s stock after selling 62 shares during the period. NBT Bank N A NY’s holdings in Dover were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in Dover by 2.1% during the 4th quarter. Spire Wealth Management now owns 2,475 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 52 shares during the last quarter. Independent Advisor Alliance increased its stake in Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 58 shares during the period. ORG Partners LLC increased its stake in Dover by 5.4% during the 4th quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 58 shares during the period. Trust Point Inc. increased its stake in Dover by 3.1% during the 4th quarter. Trust Point Inc. now owns 1,957 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 59 shares during the period. Finally, Main Street Financial Solutions LLC increased its stake in Dover by 2.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 60 shares during the period. 84.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOV has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on Dover from $200.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Citigroup lowered their price objective on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. raised their price objective on Dover from $208.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays lifted their price target on Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target (up previously from $220.00) on shares of Dover in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and an average price target of $218.91.

Dover Trading Up 1.8 %

Shares of DOV stock opened at $181.01 on Wednesday. The firm has a market capitalization of $24.84 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.06 and a beta of 1.24. Dover Co. has a twelve month low of $168.20 and a twelve month high of $222.31. The company has a quick ratio of 1.52, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $195.55 and its 200 day simple moving average is $193.71.

Dover (NYSE:DOV) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. As a group, sell-side analysts predict that Dover Co. will post 9.45 EPS for the current fiscal year.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a yield of 1.14%. Dover’s dividend payout ratio is currently 10.59%.

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.