Dover Co. (NYSE:DOV) Stock Position Boosted by iSAM Funds UK Ltd

iSAM Funds UK Ltd raised its stake in Dover Co. (NYSE:DOV) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,410 shares of the industrial products company’s stock after purchasing an additional 356 shares during the period. Dover accounts for approximately 1.1% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 4th largest holding. iSAM Funds UK Ltd’s holdings in Dover were worth $1,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its stake in shares of Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company’s stock worth $36,647,000 after acquiring an additional 144,930 shares during the last quarter. iA Global Asset Management Inc. grew its stake in shares of Dover by 89.0% during the third quarter. iA Global Asset Management Inc. now owns 7,319 shares of the industrial products company’s stock worth $1,403,000 after acquiring an additional 3,447 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Dover by 25.8% during the third quarter. EP Wealth Advisors LLC now owns 25,744 shares of the industrial products company’s stock worth $4,936,000 after acquiring an additional 5,272 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Dover by 33.5% during the third quarter. Insigneo Advisory Services LLC now owns 3,930 shares of the industrial products company’s stock worth $754,000 after acquiring an additional 986 shares during the last quarter. Finally, Wahed Invest LLC grew its stake in shares of Dover by 9.5% during the third quarter. Wahed Invest LLC now owns 3,330 shares of the industrial products company’s stock worth $638,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 84.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOV. UBS Group began coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 price target on the stock. StockNews.com upgraded Dover from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer reiterated an “outperform” rating and issued a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. Finally, Mizuho increased their price target on shares of Dover from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Dover has a consensus rating of “Moderate Buy” and an average price target of $209.90.

Dover Price Performance

Shares of NYSE DOV opened at $201.32 on Friday. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.73 and a beta of 1.22. Dover Co. has a 12 month low of $142.44 and a 12 month high of $208.26. The firm’s 50 day simple moving average is $196.21 and its 200-day simple moving average is $186.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06.

Dover Announces Dividend

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

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.