Wesbanco Bank Inc. Decreases Stock Holdings in Dover Co. (NYSE:DOV)

Wesbanco Bank Inc. decreased its holdings in shares of Dover Co. (NYSE:DOV) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,556 shares of the industrial products company’s stock after selling 167 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dover were worth $292,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Dover during the third quarter valued at $33,000. Kieckhefer Group LLC purchased a new stake in Dover during the fourth quarter valued at $38,000. Avior Wealth Management LLC raised its stake in Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 167 shares in the last quarter. Coastline Trust Co purchased a new stake in Dover during the third quarter valued at $50,000. Finally, Cromwell Holdings LLC raised its stake in Dover by 50.5% during the third quarter. Cromwell Holdings LLC now owns 313 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Trading Down 0.2 %

NYSE DOV opened at $198.81 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a market cap of $27.27 billion, a PE ratio of 17.78, a PEG ratio of 2.04 and a beta of 1.23. The company’s 50-day moving average price is $195.67 and its 200-day moving average price is $189.69. Dover Co. has a 12 month low of $148.45 and a 12 month high of $208.26.

Dover Dividend Announcement

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

Analyst Ratings Changes

DOV has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Barclays boosted their price objective on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Citigroup cut their price objective 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. StockNews.com cut shares of Dover from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, UBS Group initiated coverage on shares of Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $212.55.

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.