Clear Harbor Asset Management LLC Grows Holdings in Dover Co. (NYSE:DOV)

Clear Harbor Asset Management LLC raised its position in Dover Co. (NYSE:DOV) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,675 shares of the industrial products company’s stock after purchasing an additional 1,469 shares during the period. Clear Harbor Asset Management LLC’s holdings in Dover were worth $7,068,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versor Investments LP purchased a new stake in shares of Dover during the third quarter valued at approximately $1,920,000. Brendel Financial Advisors LLC increased its position in shares of Dover by 347.7% during the 3rd quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company’s stock valued at $4,366,000 after purchasing an additional 17,685 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Dover by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 177,844 shares of the industrial products company’s stock worth $34,100,000 after buying an additional 5,372 shares during the last quarter. Empowered Funds LLC increased its holdings in Dover by 54.3% during the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company’s stock worth $2,523,000 after buying an additional 4,629 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Dover by 195.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 91,031 shares of the industrial products company’s stock worth $17,077,000 after buying an additional 60,235 shares during the last quarter. Institutional investors own 84.46% of the company’s stock.

Analyst Upgrades and Downgrades

DOV has been the subject of a number of research reports. Citigroup reduced their target price on shares of Dover from $236.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Oppenheimer reissued an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Barclays upped their price target on Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on Dover from $205.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dover from $212.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.55.

Dover Stock Up 0.3 %

Shares of NYSE:DOV opened at $195.00 on Tuesday. The firm has a fifty day moving average price of $195.96 and a two-hundred day moving average price of $189.25. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.00 and a beta of 1.23. 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 one year low of $144.63 and a one year high of $208.26.

Dover Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, November 29th. Dover’s payout ratio is 18.43%.

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.