Virtu Financial LLC Boosts Stock Position in Dover Co. (NYSE:DOV)

Virtu Financial LLC increased its stake in shares of Dover Co. (NYSE:DOV) by 85.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,373 shares of the industrial products company’s stock after buying an additional 6,608 shares during the quarter. Virtu Financial LLC’s holdings in Dover were worth $2,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Independent Advisor Alliance raised its holdings in shares of Dover by 0.3% during 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 during the period. Main Street Financial Solutions LLC grew its position in Dover by 2.7% in the third quarter. Main Street Financial Solutions LLC now owns 2,255 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 60 shares during the period. Valmark Advisers Inc. increased its stake in Dover by 1.6% during the second quarter. Valmark Advisers Inc. now owns 3,962 shares of the industrial products company’s stock worth $715,000 after acquiring an additional 63 shares during the last quarter. Empower Advisory Group LLC lifted its stake in shares of 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 purchasing an additional 73 shares during the last quarter. Finally, First Commonwealth Financial Corp PA grew its holdings in shares of Dover by 2.2% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 3,459 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 84.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DOV. Barclays boosted their price objective on shares of Dover from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Mizuho lifted their target price on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. StockNews.com cut Dover from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Dover from $210.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, UBS Group began coverage on Dover in a research note on Wednesday, November 13th. They set a “neutral” rating and a $217.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Dover presently has a consensus rating of “Moderate Buy” and an average target price of $213.00.

Dover Stock Performance

Shares of Dover stock opened at $201.14 on Thursday. The business has a 50-day simple moving average of $196.85 and a 200-day simple moving average of $187.18. The company has a market cap of $27.59 billion, a PE ratio of 17.99, a P/E/G ratio of 2.71 and a beta of 1.22. Dover Co. has a one year low of $143.96 and a one year high of $208.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.57.

Dover Announces Dividend

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