Rockland Trust Co. Sells 78 Shares of Dover Co. (NYSE:DOV)

Rockland Trust Co. decreased its holdings in shares of Dover Co. (NYSE:DOV) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 15,537 shares of the industrial products company’s stock after selling 78 shares during the quarter. Rockland Trust Co.’s holdings in Dover were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DOV. Independent Advisor Alliance grew its stake in shares of Dover by 0.3% during the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock valued at $3,458,000 after acquiring an additional 58 shares during the period. ORG Partners LLC boosted its position in shares of Dover by 5.4% in the fourth quarter. ORG Partners LLC now owns 1,140 shares of the industrial products company’s stock worth $214,000 after purchasing an additional 58 shares during the period. Main Street Financial Solutions LLC increased its stake in shares of Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares in the last quarter. Empower Advisory Group LLC raised its position in shares of Dover by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 73 shares during the period. Finally, First Commonwealth Financial Corp PA boosted its holdings in Dover by 2.2% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Dover Stock Up 1.2 %

NYSE:DOV opened at $188.93 on Wednesday. The company’s fifty day moving average price is $196.72 and its 200-day moving average price is $188.71. The firm has a market capitalization of $25.92 billion, a P/E ratio of 16.90, a PEG ratio of 2.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. Dover Co. has a 1-year low of $143.96 and a 1-year high of $208.26.

Dover Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.09%. Dover’s dividend payout ratio is presently 18.43%.

Wall Street Analyst Weigh In

DOV has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating on the stock in a report on Monday. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research note on Monday, October 28th. The Goldman Sachs Group lifted their target price on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays raised their price objective on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their target price on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.91.

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.