Y Intercept Hong Kong Ltd Boosts Holdings in Dover Co. (NYSE:DOV)

Y Intercept Hong Kong Ltd lifted its stake in shares of Dover Co. (NYSE:DOV) by 59.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,948 shares of the industrial products company’s stock after buying an additional 1,476 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dover were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DOV. MML Investors Services LLC grew its holdings in shares of Dover by 4.4% during the 3rd quarter. MML Investors Services LLC now owns 16,753 shares of the industrial products company’s stock worth $3,212,000 after acquiring an additional 708 shares during the period. Orion Portfolio Solutions LLC grew its stake in Dover by 10.9% in the third quarter. Orion Portfolio Solutions LLC now owns 10,978 shares of the industrial products company’s stock worth $2,105,000 after purchasing an additional 1,081 shares during the period. XTX Topco Ltd bought a new position in Dover in the third quarter worth $2,970,000. iSAM Funds UK Ltd lifted its position in Dover by 3.5% during the third quarter. iSAM Funds UK Ltd now owns 10,410 shares of the industrial products company’s stock valued at $1,996,000 after buying an additional 356 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of 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 valued at $36,647,000 after buying an additional 144,930 shares in the last quarter. 84.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

DOV has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Dover from $190.00 to $197.00 and gave the company an “equal weight” rating in a research report on Monday, September 30th. The Goldman Sachs Group lifted their target price on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a report on Thursday. Barclays upped their price target on Dover from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Citigroup boosted their target price on Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Wolfe Research upgraded Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 price target for the company in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $213.91.

Dover Price Performance

DOV opened at $201.13 on Friday. The company’s 50-day simple moving average is $197.33 and its two-hundred day simple moving average is $187.40. 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 stock has a market capitalization of $27.59 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.70 and a beta of 1.22. Dover Co. has a 52-week low of $143.96 and a 52-week high of $208.26.

Dover Announces Dividend

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

About Dover

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.