Dover Co. (NYSE:DOV) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in Dover Co. (NYSE:DOV) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,874 shares of the industrial products company’s stock after acquiring an additional 23,018 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of Dover worth $39,858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DOV. Avestar Capital LLC increased its position in Dover by 7.9% in the 3rd quarter. Avestar Capital LLC now owns 2,846 shares of the industrial products company’s stock valued at $546,000 after acquiring an additional 208 shares during the period. Brooklyn Investment Group purchased a new position in shares of Dover in the 3rd quarter valued at approximately $81,000. FMR LLC increased its holdings in shares of Dover by 5.1% in the third quarter. FMR LLC now owns 3,085,826 shares of the industrial products company’s stock valued at $591,676,000 after purchasing an additional 149,378 shares during the period. Patton Albertson Miller Group LLC raised its stake in shares of Dover by 1.1% during the third quarter. Patton Albertson Miller Group LLC now owns 20,121 shares of the industrial products company’s stock worth $3,858,000 after purchasing an additional 215 shares during the last quarter. Finally, Hancock Whitney Corp lifted its holdings in shares of Dover by 3.2% during the third quarter. Hancock Whitney Corp now owns 7,486 shares of the industrial products company’s stock worth $1,435,000 after purchasing an additional 232 shares during the period. 84.46% of the stock is owned by hedge funds and other institutional investors.

Dover Trading Up 0.1 %

DOV opened at $206.51 on Friday. The stock has a market capitalization of $28.33 billion, a PE ratio of 18.47, a P/E/G ratio of 2.76 and a beta of 1.22. 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 Co. has a 12-month low of $137.73 and a 12-month high of $208.26. The firm’s fifty day moving average price is $194.46 and its 200 day moving average price is $185.90.

Dover Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.06 annualized dividend and a dividend yield of 1.00%. Dover’s payout ratio is 18.43%.

Insider Buying and Selling

In related news, CFO Brad M. Cerepak sold 14,818 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $175.00, for a total transaction of $2,593,150.00. Following the transaction, the chief financial officer now directly owns 12,324 shares in the company, valued at $2,156,700. This trade represents a 54.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

DOV has been the topic of several analyst reports. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price on the stock in a report on Monday, October 28th. Barclays lifted their price target on Dover from $186.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Dover from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, UBS Group assumed coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $217.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.40.

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.