Dover Co. (NYSE:DOV) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC grew its stake in Dover Co. (NYSE:DOV - Free Report) by 85.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,373 shares of the industrial products company's stock after buying an additional 6,608 shares during the quarter. Virtu Financial LLC's holdings in Dover were worth $2,756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versor Investments LP bought a new position in Dover in the 3rd quarter worth $1,920,000. Brendel Financial Advisors LLC lifted its position in shares of Dover by 347.7% in the third quarter. Brendel Financial Advisors LLC now owns 22,772 shares of the industrial products company's stock valued at $4,366,000 after acquiring an additional 17,685 shares in the last quarter. Empowered Funds LLC boosted 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 worth $2,523,000 after acquiring an additional 4,629 shares during the period. National Pension Service grew its position in shares of Dover by 3.0% during the third quarter. National Pension Service now owns 216,010 shares of the industrial products company's stock worth $41,418,000 after purchasing an additional 6,241 shares in the last quarter. Finally, Custom Index Systems LLC raised its stake in Dover by 91.0% during the 3rd quarter. Custom Index Systems LLC now owns 7,791 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,713 shares during the period. Hedge funds and other institutional investors own 84.46% of the company's stock.

Dover Stock Performance

NYSE:DOV traded up $0.72 during trading hours on Thursday, reaching $201.92. The company had a trading volume of 238,489 shares, compared to its average volume of 937,551. 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 Co. has a 1-year low of $143.96 and a 1-year high of $208.26. The business's 50 day moving average price is $196.85 and its 200-day moving average price is $187.18. The firm has a market cap of $27.70 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22.

Dover Dividend Announcement

The company also recently declared 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. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, November 29th. Dover's dividend payout ratio (DPR) is presently 18.43%.

Analysts Set New Price Targets

DOV has been the topic of several research analyst reports. StockNews.com downgraded shares of Dover from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group started coverage on shares of Dover in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $217.00 price target on the stock. The Goldman Sachs Group raised their price objective on Dover from $202.00 to $223.00 and gave the company a "buy" rating in a research report on Thursday. Wolfe Research raised 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, JPMorgan Chase & Co. increased 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. Five research 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 a consensus rating of "Moderate Buy" and a consensus price target of $213.91.

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.