Park Avenue Securities LLC Has $1.54 Million Position in Dover Co. (NYSE:DOV)

Park Avenue Securities LLC raised its stake in Dover Co. (NYSE:DOV) by 62.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,192 shares of the industrial products company’s stock after buying an additional 3,138 shares during the period. Park Avenue Securities LLC’s holdings in Dover were worth $1,537,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the 3rd quarter valued at about $33,000. Fairscale Capital LLC bought a new stake in shares of Dover in the 2nd quarter valued at about $34,000. Kieckhefer Group LLC bought a new stake in shares of Dover in the 4th quarter valued at about $38,000. Avior Wealth Management LLC grew its position 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 valued at $49,000 after buying an additional 167 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in shares of Dover in the 3rd quarter valued at about $50,000. Institutional investors own 84.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company cut their target price on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Citigroup cut their target price on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group started coverage on Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Finally, Mizuho upped their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research report 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $212.55.

Dover Stock Up 0.3 %

Shares of NYSE:DOV opened at $195.00 on Friday. The business’s 50 day simple moving average is $196.15 and its two-hundred day simple moving average is $189.03. The firm has a market cap of $26.75 billion, a P/E ratio of 17.44, a PEG ratio of 2.15 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. Dover Co. has a 52-week low of $144.63 and a 52-week high of $208.26.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, November 29th. Dover’s dividend payout ratio (DPR) is presently 18.43%.

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.