Oak Thistle LLC Takes Position in Dover Co. (NYSE:DOV)

Oak Thistle LLC purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,624 shares of the industrial products company's stock, valued at approximately $492,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Interval Partners LP grew its holdings in Dover by 110.0% during the 2nd quarter. Interval Partners LP now owns 583,075 shares of the industrial products company's stock worth $105,216,000 after acquiring an additional 305,436 shares during the last quarter. FMR LLC grew its stake in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock worth $591,676,000 after purchasing an additional 149,378 shares during the last quarter. National Bank of Canada FI raised its position in Dover by 313.7% during the 3rd quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company's stock worth $36,647,000 after purchasing an additional 144,930 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Dover during the 2nd quarter worth about $17,323,000. Finally, Barclays PLC grew its position in shares of Dover by 26.6% in the 3rd quarter. Barclays PLC now owns 360,291 shares of the industrial products company's stock valued at $69,082,000 after buying an additional 75,670 shares during the last quarter. Institutional investors and hedge funds own 84.46% of the company's stock.

Dover Stock Up 0.3 %

Shares of DOV traded up $0.52 during trading hours on Friday, hitting $195.00. The stock had a trading volume of 799,294 shares, compared to its average volume of 769,618. The firm has a 50 day simple moving average of $196.28 and a 200-day simple moving average of $188.83. Dover Co. has a 1-year low of $144.63 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 firm has a market capitalization of $26.75 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.

Dover Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on DOV shares. The Goldman Sachs Group lifted their price objective on Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Mizuho boosted their price target on shares of Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price objective on shares of Dover from $205.00 to $200.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Citigroup dropped 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Dover from $212.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Dover currently has an average rating of "Moderate Buy" and a consensus 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.