Quantinno Capital Management LP Grows Stock Position in Dover Co. (NYSE:DOV)

Quantinno Capital Management LP increased its position in shares of Dover Co. (NYSE:DOV - Free Report) by 110.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,658 shares of the industrial products company's stock after purchasing an additional 6,641 shares during the quarter. Quantinno Capital Management LP's holdings in Dover were worth $2,427,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DOV. FMR LLC lifted its stake in Dover by 5.1% during the third 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 last quarter. Dimensional Fund Advisors LP boosted its stake in Dover by 4.2% in the second 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 grew its position in Dover by 1.8% in 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 acquiring an additional 17,193 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dover by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 811,340 shares of the industrial products company's stock worth $155,566,000 after acquiring an additional 9,464 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Dover by 162.2% in the 2nd quarter. American Century Companies Inc. now owns 688,249 shares of the industrial products company's stock valued at $124,195,000 after purchasing an additional 425,768 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Dover Stock Performance

Shares of DOV traded up $0.35 on Wednesday, reaching $201.66. 252,724 shares of the company's stock traded hands, compared to its average volume of 939,367. Dover Co. has a 52-week low of $143.96 and a 52-week high of $208.26. The stock has a market cap of $27.67 billion, a PE ratio of 18.01, a PEG ratio of 2.71 and a beta of 1.22. The stock's 50 day simple moving average is $196.63 and its two-hundred day simple moving average is $187.08. The company has a current ratio of 1.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

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 dividend payout ratio (DPR) is presently 18.43%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Barclays boosted their price target on Dover from $190.00 to $205.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Wells Fargo & Company raised their price objective on shares of Dover from $190.00 to $197.00 and gave the company an "equal weight" rating in a report on Monday, September 30th. Mizuho upped their price target on shares of Dover from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Finally, Citigroup upped their price target on Dover from $226.00 to $236.00 and gave the company a "buy" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $213.00.

About Dover

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.