Tilia Fiduciary Partners Inc. Buys 344 Shares of Dover Co. (NYSE:DOV)

Tilia Fiduciary Partners Inc. lifted its stake in shares of Dover Co. (NYSE:DOV) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,778 shares of the industrial products company’s stock after buying an additional 344 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Dover were worth $1,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DOV. Ashton Thomas Securities LLC acquired a new position in shares of Dover in the third quarter valued at approximately $33,000. Fairscale Capital LLC bought a new position in shares of Dover during the second quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dover during the second quarter worth $41,000. Avior Wealth Management LLC grew its stake in shares of Dover by 183.5% in the third quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 167 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in Dover in the third quarter valued at $50,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

DOV has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Dover in a research report on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price for the company. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. StockNews.com raised Dover from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Citigroup boosted their price objective on Dover from $226.00 to $236.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $215.00 target price (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dover has an average rating of “Moderate Buy” and a consensus price target of $214.18.

Dover Stock Performance

NYSE DOV traded down $3.86 during trading hours on Friday, reaching $183.36. 1,067,191 shares of the company were exchanged, compared to its average volume of 606,338. The stock has a market capitalization of $25.16 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.70 and a beta of 1.23. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Dover Co. has a 1 year low of $143.96 and a 1 year high of $208.26. The business’s 50 day simple moving average is $196.88 and its 200-day simple moving average is $188.53.

Dover Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.12%. Dover’s dividend payout ratio is presently 18.43%.

Dover Company 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.