First Financial Corp IN Has $81,000 Stake in Dover Co. (NYSE:DOV)

First Financial Corp IN grew its stake in shares of Dover Co. (NYSE:DOVFree Report) by 418.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 430 shares of the industrial products company’s stock after buying an additional 347 shares during the period. First Financial Corp IN’s holdings in Dover were worth $81,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DOV. State Street Corp lifted its holdings in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after acquiring an additional 56,149 shares during the period. Geode Capital Management LLC lifted its stake in Dover by 0.8% during the third 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 boosted its holdings in Dover by 5.1% during the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dover by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company’s stock valued at $271,702,000 after purchasing an additional 60,912 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Dover by 1.8% in the 3rd 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 worth $188,815,000 after buying an additional 17,193 shares in the last quarter. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of DOV stock opened at $186.88 on Tuesday. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.70 and a beta of 1.22. Dover Co. has a 12 month low of $143.96 and a 12 month high of $208.26. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $196.72 and a 200 day moving average price of $188.71.

Dover Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s dividend payout ratio (DPR) is 18.43%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DOV shares. Citigroup lowered their price target on Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday. Mizuho upped their target price on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wolfe Research upgraded shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Wells Fargo & Company dropped their price objective on shares of Dover from $205.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $212.91.

Read Our Latest Research Report on Dover

About Dover

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dover (NYSE:DOV)

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