Burney Co. Sells 1,567 Shares of Dover Co. (NYSE:DOV)

Burney Co. lowered its position in shares of Dover Co. (NYSE:DOV - Free Report) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,847 shares of the industrial products company's stock after selling 1,567 shares during the quarter. Burney Co.'s holdings in Dover were worth $4,099,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Dover during the third quarter valued at $33,000. Fairscale Capital LLC acquired a new position in shares of Dover during the second quarter valued at about $34,000. Kieckhefer Group LLC acquired a new position in shares of Dover during the fourth quarter valued at about $38,000. Avior Wealth Management LLC raised its holdings in shares of Dover by 183.5% during the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 167 shares during the period. Finally, Coastline Trust Co acquired a new position in shares of Dover during the third quarter valued at about $50,000. Institutional investors own 84.46% of the company's stock.

Dover Trading Up 1.1 %

NYSE:DOV opened at $190.88 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. The firm has a 50-day moving average price of $196.66 and a two-hundred day moving average price of $188.77.

Dover Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid 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 1.08%. Dover's dividend payout ratio (DPR) is 18.43%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DOV. StockNews.com lowered shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday. Mizuho upped their price objective on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a "buy" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Dover from $212.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wolfe Research upgraded shares of Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 target price on the stock in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Dover presently has an average rating of "Moderate Buy" and an average target price of $212.55.

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.

Want to see what other hedge funds are holding DOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dover Co. (NYSE:DOV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.