Court Place Advisors LLC Sells 1,534 Shares of Dover Co. (NYSE:DOV)

Court Place Advisors LLC decreased its position in shares of Dover Co. (NYSE:DOV) by 10.6% in the 4th quarter, HoldingsChannel reports. The fund owned 12,957 shares of the industrial products company’s stock after selling 1,534 shares during the period. Court Place Advisors LLC’s holdings in Dover were worth $2,431,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its holdings in Dover by 0.9% during the third quarter. State Street Corp now owns 6,214,308 shares of the industrial products company’s stock worth $1,191,531,000 after buying an additional 56,149 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dover by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,228,716 shares of the industrial products company’s stock worth $616,945,000 after acquiring an additional 25,993 shares during the last quarter. FMR LLC lifted its position in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after acquiring an additional 149,378 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dover by 1.8% during 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 valued at $188,815,000 after purchasing an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dover by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company’s stock worth $155,566,000 after purchasing an additional 9,464 shares in the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV opened at $195.79 on Tuesday. Dover Co. has a 1 year low of $148.45 and a 1 year high of $208.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The stock’s fifty day moving average price is $195.57 and its two-hundred day moving average price is $189.96. The firm has a market cap of $26.86 billion, a PE ratio of 17.51, a PEG ratio of 2.04 and a beta of 1.23.

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 1.05%. The ex-dividend date of this dividend was Friday, November 29th. Dover’s payout ratio is currently 18.43%.

Wall Street Analysts Forecast Growth

DOV has been the topic of several analyst reports. Wolfe Research raised Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a research report on Monday, October 28th. UBS Group assumed coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Barclays raised their price target 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 reduced their price objective 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. Finally, Oppenheimer reissued an “outperform” rating and set a $215.00 target price (up previously from $210.00) on shares of Dover in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Dover currently has a consensus rating of “Moderate Buy” and an average target price 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.