Barclays PLC Boosts Stake in Dover Co. (NYSE:DOV)

Barclays PLC raised its holdings in shares of Dover Co. (NYSE:DOV - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 360,291 shares of the industrial products company's stock after purchasing an additional 75,670 shares during the period. Barclays PLC owned approximately 0.26% of Dover worth $69,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its holdings in Dover by 162.2% in the 2nd quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company's stock worth $124,195,000 after buying an additional 425,768 shares in the last quarter. Interval Partners LP grew its stake in shares of Dover by 110.0% in the second quarter. Interval Partners LP now owns 583,075 shares of the industrial products company's stock worth $105,216,000 after acquiring an additional 305,436 shares during the period. FMR LLC raised its holdings in shares of Dover by 5.1% during 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 last quarter. National Bank of Canada FI lifted its position in Dover by 313.7% during the third quarter. National Bank of Canada FI now owns 191,127 shares of the industrial products company's stock valued at $36,647,000 after purchasing an additional 144,930 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in Dover in the second quarter worth approximately $17,323,000. Institutional investors own 84.46% of the company's stock.

Dover Price Performance

Shares of NYSE DOV traded up $0.16 during mid-day trading on Thursday, reaching $201.36. The company's stock had a trading volume of 560,965 shares, compared to its average volume of 938,983. The stock has a fifty day moving average of $196.85 and a two-hundred day moving average of $187.18. The firm has a market capitalization of $27.62 billion, a PE ratio of 18.03, a P/E/G ratio of 2.71 and a beta of 1.22. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

DOV has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Dover from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their price target on Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Mizuho increased their price objective on shares of Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Citigroup boosted their target price on shares of Dover from $226.00 to $236.00 and gave the company a "buy" rating in a research report on Monday. Finally, UBS Group began coverage on shares of Dover in a research note on Wednesday, November 13th. They set a "neutral" rating and a $217.00 price target on the stock. Five equities 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.91.

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.