Unigestion Holding SA Invests $1.50 Million in Dover Co. (NYSE:DOV)

Unigestion Holding SA purchased a new position in shares of Dover Co. (NYSE:DOV - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,834 shares of the industrial products company's stock, valued at approximately $1,502,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC boosted its holdings in shares of Dover by 1,414.2% during the 2nd quarter. ORG Partners LLC now owns 4,255 shares of the industrial products company's stock valued at $754,000 after acquiring an additional 3,974 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Dover during the third quarter valued at about $1,920,000. Brendel Financial Advisors LLC grew its holdings in shares of Dover by 347.7% during the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company's stock worth $4,366,000 after purchasing an additional 17,685 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Dover by 54.3% in the third quarter. Empowered Funds LLC now owns 13,158 shares of the industrial products company's stock valued at $2,523,000 after buying an additional 4,629 shares during the period. Finally, National Pension Service raised its holdings in Dover by 3.0% in the 3rd quarter. National Pension Service now owns 216,010 shares of the industrial products company's stock valued at $41,418,000 after buying an additional 6,241 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.

Dover Stock Down 0.1 %

Shares of Dover stock traded down $0.17 during trading on Wednesday, reaching $201.14. 513,950 shares of the company traded hands, compared to its average volume of 940,543. The company has a 50 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 $143.96 and a 1-year high of $208.26. The firm has a market capitalization of $27.59 billion, a PE ratio of 18.01, a P/E/G ratio of 2.71 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Dover from $210.00 to $212.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Oppenheimer restated an "outperform" rating and issued a $215.00 price objective (up from $210.00) on shares of Dover in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on Dover from $190.00 to $197.00 and gave the stock an "equal weight" rating in a research report on Monday, September 30th. Wolfe Research upgraded Dover from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a research report on Monday, October 28th. Finally, UBS Group assumed coverage on Dover in a research report on Wednesday, November 13th. They set a "neutral" rating and a $217.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $213.00.

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.