World Investment Advisors LLC Has $626,000 Stock Position in Dover Co. (NYSE:DOV)

World Investment Advisors LLC boosted its position in shares of Dover Co. (NYSE:DOV) by 4.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,267 shares of the industrial products company’s stock after buying an additional 131 shares during the quarter. World Investment Advisors LLC’s holdings in Dover were worth $626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Independent Advisor Alliance lifted its stake in Dover by 0.3% in the 3rd quarter. Independent Advisor Alliance now owns 18,036 shares of the industrial products company’s stock worth $3,458,000 after acquiring an additional 58 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in shares of Dover by 2.7% during the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after purchasing an additional 60 shares during the period. Valmark Advisers Inc. grew its position in Dover by 1.6% during the second quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock valued at $715,000 after purchasing an additional 63 shares in the last quarter. Empower Advisory Group LLC increased its stake in Dover by 3.7% in the 3rd quarter. Empower Advisory Group LLC now owns 2,030 shares of the industrial products company’s stock valued at $389,000 after buying an additional 73 shares during the period. Finally, First Commonwealth Financial Corp PA lifted its position in Dover by 2.2% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 84.46% of the company’s stock.

Dover Price Performance

NYSE:DOV opened at $199.65 on Tuesday. 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 company has a 50-day moving average of $197.57 and a 200-day moving average of $187.60. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.70 and a beta of 1.22.

Dover Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.515 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.03%. Dover’s dividend payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DOV. The Goldman Sachs Group increased their price objective on Dover from $202.00 to $223.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. StockNews.com lowered Dover from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their price objective on Dover from $190.00 to $197.00 and gave the stock an “equal weight” rating in a report on Monday, September 30th. UBS Group started coverage on shares of Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Finally, Oppenheimer restated an “outperform” rating and set a $215.00 price target (up previously from $210.00) on shares of Dover in a report on Wednesday, October 16th. Five equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.