Peapack Gladstone Financial Corp Decreases Stock Position in Dover Co. (NYSE:DOV)

Peapack Gladstone Financial Corp decreased its position in shares of Dover Co. (NYSE:DOV) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,128 shares of the industrial products company’s stock after selling 100 shares during the period. Peapack Gladstone Financial Corp’s holdings in Dover were worth $792,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Dover during the third quarter worth about $33,000. McClarren Financial Advisors Inc. increased its holdings in Dover by 4,400.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 176 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Dover in the 2nd quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Dover during the 2nd quarter valued at approximately $41,000. Finally, Avior Wealth Management LLC grew its position 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 worth $49,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $201.01 on Monday. Dover Co. has a 1-year low of $143.96 and a 1-year high of $208.26. The firm has a market capitalization of $27.58 billion, a PE ratio of 17.98, a P/E/G ratio of 2.70 and a beta of 1.22. 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 business’s fifty day moving average price is $197.33 and its two-hundred day moving average price is $187.47.

Dover Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.515 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 1.02%. Dover’s dividend payout ratio is presently 18.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of Dover from $226.00 to $236.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on shares of Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group began coverage on Dover in a report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price objective for the company. Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Finally, Oppenheimer reiterated an “outperform” rating and issued 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.91.

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.