Nomura Asset Management Co. Ltd. Purchases 6,808 Shares of Dover Co. (NYSE:DOV)

Nomura Asset Management Co. Ltd. boosted its position in shares of Dover Co. (NYSE:DOV - Free Report) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,784 shares of the industrial products company's stock after acquiring an additional 6,808 shares during the period. Nomura Asset Management Co. Ltd. owned 0.18% of Dover worth $46,360,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Dover by 0.9% during the 3rd quarter. State Street Corp now owns 6,214,308 shares of the industrial products company's stock valued at $1,191,531,000 after purchasing an additional 56,149 shares during the period. FMR LLC boosted its stake in Dover by 5.1% in the 3rd quarter. FMR LLC now owns 3,085,826 shares of the industrial products company's stock worth $591,676,000 after purchasing an additional 149,378 shares during the period. Dimensional Fund Advisors LP grew its holdings in Dover by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,505,749 shares of the industrial products company's stock valued at $271,702,000 after buying an additional 60,912 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dover by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 984,743 shares of the industrial products company's stock valued at $188,815,000 after buying an additional 17,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Dover by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company's stock valued at $155,566,000 after purchasing an additional 9,464 shares in the last quarter. Hedge funds and other institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DOV shares. Oppenheimer reissued an "outperform" rating and set a $215.00 price target (up from $210.00) on shares of Dover in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Dover from $210.00 to $212.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Citigroup increased their price objective on shares of Dover from $226.00 to $236.00 and gave the company a "buy" rating in a research report on Monday. Wolfe Research upgraded 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. Finally, StockNews.com raised shares of Dover from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.00.

Dover Trading Down 0.2 %

Shares of NYSE:DOV traded down $0.40 during trading hours on Tuesday, hitting $201.34. 903,419 shares of the company's stock traded hands, compared to its average volume of 942,333. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.06. The business has a fifty day moving average price of $196.63 and a 200-day moving average price of $187.08. Dover Co. has a 1 year low of $143.52 and a 1 year high of $208.26. The firm has a market capitalization of $27.62 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22.

Dover Announces Dividend

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

Dover 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.