Oddo BHF Asset Management Sas Invests $1.82 Million in Dover Co. (NYSE:DOV)

Oddo BHF Asset Management Sas acquired a new stake in shares of Dover Co. (NYSE:DOV - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 9,508 shares of the industrial products company's stock, valued at approximately $1,823,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DOV. McClarren Financial Advisors Inc. increased its holdings in Dover by 4,400.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 180 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 176 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Dover in the third quarter worth about $33,000. Fairscale Capital LLC purchased a new stake in shares of Dover in the second quarter worth about $34,000. Ashton Thomas Private Wealth LLC bought a new position in Dover during the second quarter valued at approximately $41,000. Finally, Avior Wealth Management LLC grew its holdings in Dover by 183.5% during the 3rd quarter. Avior Wealth Management LLC now owns 258 shares of the industrial products company's stock valued at $49,000 after buying an additional 167 shares in the last quarter. Institutional investors own 84.46% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Dover from $202.00 to $223.00 and gave the stock a "buy" rating in a report on Thursday. Barclays increased their price objective on shares of Dover from $190.00 to $205.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Mizuho boosted their target price on shares of Dover from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Wolfe Research raised Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective on the stock in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $213.91.

Dover Trading Down 0.2 %

Shares of DOV stock traded down $0.35 on Friday, reaching $201.01. 687,308 shares of the company's stock were exchanged, compared to its average volume of 937,939. The company's fifty day simple moving average is $197.33 and its 200 day simple moving average is $187.40. Dover Co. has a 52 week low of $143.96 and a 52 week high of $208.26. 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 market capitalization of $27.58 billion, a PE ratio of 17.99, a P/E/G ratio of 2.70 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 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.