Dover Co. (NYSE:DOV) Shares Bought by Virtu Financial LLC

Virtu Financial LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 85.1% during the third quarter, Holdings Channel reports. The firm owned 14,373 shares of the industrial products company’s stock after acquiring an additional 6,608 shares during the quarter. Virtu Financial LLC’s holdings in Dover were worth $2,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Dover in the second quarter valued at approximately $361,000. Blue Trust Inc. boosted its stake in Dover by 33.2% during the 2nd quarter. Blue Trust Inc. now owns 2,044 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 509 shares during the period. MBL Wealth LLC purchased a new position in Dover during the 2nd quarter worth $207,000. First Citizens Bank & Trust Co. increased its stake in Dover by 6.5% in the second quarter. First Citizens Bank & Trust Co. now owns 4,456 shares of the industrial products company’s stock valued at $804,000 after purchasing an additional 270 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Dover during the second quarter worth about $256,000. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Down 0.1 %

Dover stock opened at $201.14 on Thursday. The stock 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. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $196.85 and a 200 day moving average price of $187.18. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26.

Dover Announces Dividend

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 paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, November 29th. Dover’s payout ratio is 18.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group started coverage on Dover in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 price target on the stock. Wells Fargo & Company upped 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. Mizuho raised their target price on Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Citigroup boosted their target price on shares of Dover from $226.00 to $236.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $215.00 price objective (up previously from $210.00) on shares of Dover in a research note on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Dover presently has an average rating of “Moderate Buy” and a consensus price target of $213.00.

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.